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Loans issued in days rather than weeks while bad debts reduced to 3 percent of loan book

KUALA LUMPUR — June 14, 2018

Highlights:

  • Credit Guarantee Corporation Malaysia Berhad (CGC) has launched direct loans to micro, small and medium enterprises (MSMEs) using FICO’s decision management and scorecard technologies
  • Using FICO® Blaze Advisor® for business rule automation, CGC is able to make consistent, accurate and reliable credit decisions. The non-performing loan rates are now just 3 percent of the loan book.
  • CGC has won the 2017 FICO Decisions Award for Decision Management Innovation

Malaysia’s Credit Guarantee Corporation (CGC), a government and commercial enterprise joint venture, has used FICO’s decision management technology to improve its ability to judge the creditworthiness of small businesses so it can provide them with loans.

This direct lending is an expansion of CGC’s usual role of providing loan guarantees to businesses, many of which lack the collateral and track record to obtain regular financing. Since its deployment of FICO® Blaze Advisor® decision rules management system and custom analytic models in August 2016, CGC has reduced non-performing loans to just 3 percent of the loan book and has had only one default.

For its achievements, CGC has won the 2017 FICO Decisions Award for Decision Management Innovation.

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

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SAN JOSE, Calif. – June 12, 2018

Highlights:

  • FICO has been awarded seven new patents for fraud detection, AI and analytics
  • Three of the patents granted are related to the FICO® Falcon® Platform, the world’s leading payment fraud system
  • FICO continues to drive innovation across its solutions; it currently holds 188 US and foreign patents

Silicon Valley analytic software firm FICO has been awarded seven new patents related to fraud, artificial intelligence (AI) and advanced analytics. In total, FICO currently holds 188 US and foreign patents, and has 89 pending patent applications.

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SAN JOSE, Calif. – June 7, 2018 -

FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced Mike Pung, Chief Financial Officer, will present at the William Blair 2018 Growth Stock Conference on Thursday, June 14, 2018 at 10:00 am CT at the Four Seasons Hotel, 120 East Delaware Place, Chicago, IL. 

The presentation will be Webcast live on FICO’s website at www.fico.com/investors, and available through July 14, 2018.

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