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Consumers need to stay alert as skimming continues to grow

SAN JOSE, Calif. — August 31, 2017

  • Compromises of ATMs and point-of-sale (POS) devices in the US rose 21 percent in the first six months of 2017, compared to the same period in 2016.
  • Compromised cards rose by 39 percent.
  • Cardholders should employ common sense when using ATMs, and check their transactions frequently.
  • FICO® Card Alert Service monitors hundreds of thousands of ATMs in the U.S.

The number of cards compromised at U.S. ATMs and merchants rose 39 percent in the first six months of 2017, compared to the same period in 2016, according to new data from Silicon Valley analytic software firm FICO. FICO has also tracked a 21 percent increase in compromises of ATMs and point-of-sale (POS) devices in the US in the first six months of 2017, compared to the same period in 2016.

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LONDON — August 24, 2017

Highlights:

  • European banking leader ING Bank will use FICO technology to launch its unsecured lending program in the Czech Republic.
  • The bank’s risk strategy will be defined and executed in FICO® Blaze Advisor® decision rules management rules system.
  • ING Bank will also use credit risk models developed by FICO and is working with Fair Isaac® Advisors, FICO’s consultancy arm, to define its credit risk strategies.
  • ING Bank has banking operations in 40 countries worldwide.
  • FICO Blaze Advisor is a tool offered as part of the FICO® Decision Management Suite.

European banking leader ING Bank will use decision management software and predictive models from analytic software firm FICO to launch its unsecured lending program. ING Bank in the Czech Republic will use one retail banking platform, which will have FICO® Blaze Advisor® decision rules management rules system as its “risk brain,” making fast, consistent, analytically guided credit risk decisions on loan applicants.

More information: http://www.fico.com/en/products/fico-blaze-advisor-decision-rules-management-system

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New auto industry solution generates multiple optimized deal structures in real-time, enabling lenders to effectively manage risk and enhance profitability

SAN JOSE, Calif.  — August 18, 2017

HIGHLIGHTS:

  • New FICO solution instantly discovers and evaluates millions of alternative offers to deliver the best offers to auto lenders, empowering them to aggressively compete for business without compromising risk standards, growth targets, or compliance requirements
  • At the core of the FICO solution is a sophisticated decision engine that leverages prescriptive analytics to improve performance and optimize deal offers in real-time
  • Solution was officially launched at FICO’s annual Auto Mastermind event in Silicon Valley, held August 17.

FICO, a leading provider of predictive analytics and decision management software, today unveiled an automotive industry-specific loan origination solution.

Leveraging its deep analytic expertise coupled with advanced algorithms and the latest optimization technology, FICO enables auto finance companies to instantly evaluate millions of alternative offers to aggressively compete for business without  compromising risk standards, growth targets, or compliance requirements. 

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