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SAN JOSE, Calif. — February 21, 2018

Highlights:

  • Alliant Credit Union made decisions on 56,000+ loan applications, and loaned more than $390 million to members using its new custom-built Consumer Loan Origination System (CLOS) with FICO technology.
  • FICO helped Alliant to cut the number of decision rules per loan product by over 25 percent, resulting in significant efficiency gains. Credit card applications can now close in less than half an hour, and auto loans can be funded the same day.
  • FICO® Origination Manager brings advanced analytics, application processing and decision flexibility to businesses, so they can make more precise, profitable decisions when starting a new credit relationship.

Alliant Credit Union, one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. With a new consumer loan origination system powered by FICO® Origination Manager, Alliant has processed 56,000+ loan applications and loaned more than $390 million to members with faster processing. Credit card applications can now close in less than half an hour, and auto loans can be funded the same day.

More information: http://www.fico.com/en/products/fico-origination-manager

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Everyone will have access to the premier analytic orchestration, optimization modeling and programming language, as FICO looks to advance the field of prescriptive analytics

SAN JOSE, Calif. — February 20, 2017

Highlights:

  • FICO Xpress Mosel, the leading analytic orchestration, optimization modeling and programming language is now available to everyone free of charge.
  • With this release, FICO is enabling the data science community at large to develop and deploy optimization solutions that solve complex, real-world business and customer engagement challenges.
  • Xpress Mosel is a key component of FICO Optimization solutions, which help global brands such as Southwest Airlines, Honeywell, and Nestle make better business decisions based on actionable data.

Silicon Valley analytics software firm FICO today announced that Xpress Mosel, the most flexible analytic orchestration, optimization modeling and programming language, is now open to connect to any solver, and is free to use. With this release, anyone can now create optimization models to solve problems more efficiently and make better business decisions based on data.

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SAN JOSE AND TORONTO — February 12, 2018 — Silicon Valley analytics software firm, FICO (NYSE: FICO), today announces that Kevin Deveau has been appointed North American Insurance Practice Lead for Insurance, which covers Life & Annuity (L & A), Health, Property & Casualty (P&C) and Reinsurance. Deveau will also continue overseeing the company’s Canadian operations as vice president and managing director of FICO Canada.

In his new role, Deveau will be responsible for strategic business development and growing FICO’s footprint in North America’s insurance sector. In particular, his leadership will expand FICO’s cloud-based decision management and analytics offerings to the insurance industry to deploy faster, high-impact capabilities aimed at enhancing underwriting, claims and customer interaction. 

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