Every year, the financial technology industry eagerly awaits the Chartis Research RiskTech100. This prestigious ranking of the top 100 players in risk technology is determined by Chartis Research, the leading provider of research and analysis on the global market for risk and finance technology. The report also includes more than 80 category winners.
Chartis announced its list of companies included in the RiskTech100 2021 report - FICO was recognized by Chartis as category winner in Innovation, AI Applications, and Financial Crime-Enterprise Fraud. What an honor!
Driving innovation across a global organization
All of us FICO are thrilled that FICO has been recognized in the RiskTech100, a gratifying reward for the hard work and passion we put into solving our customers’ most pressing business problems every day. As we celebrate this win I have two main thoughts I’d like to convey.
- First of all, innovation is front-and-center in FICO’s culture. We invest heavily to create world-class intellectual property, a commitment that has yielded over 195 patents (granted and in process) in areas including Responsible AI, financial crime prevention, risk prediction, and many others. It’s a high honor for FICO to be recognized by Chartis Research as the industry’s foremost leader in innovation, an established, storied icon amidst a sea of well-funded fintech upstarts.
- Second, I am personally gratified by FICO’s win in the AI Solutions category. As a company, we invest in AI research and development because we believe the responsible use of this technology is the key to unlocking its value. Our data science organization is laser-focused on building Responsible AI technology that is explainable, ethical, and solves real-world problems. By enabling our customers to safely deploy the latest AI and machine learning techniques, they can not only fight fraud and financial crime more effectively today, but ultimately protect their franchise and brand.
Looking forward to 2021
We know our work is not done. There are many innovative vendors in the financial risk technology space and AI is rapidly evolving. In the coming year I look forward to working with our FICO team, our partners and customers to continue pushing the boundaries of innovation, and in delivering Responsible AI solutions.