I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud.
This year’s Chartis RiskTech 100, a comprehensive study of the world's major technology solution providers in risk and compliance report, highlights the increase in banks and financial institutions spending on innovative risk management systems. It discusses the need to deploy effective enterprise-wide solutions for risk management that can adapt to changing customer behavior. The report also spotlighted the wide adoption of AI and machine-learning across the financial services industry (my colleagues Scott Zoldi and Doug Clare have also written about our recognition in those categories).
At FICO, we believe that innovation in advanced analytics and risk management technology is only as valuable as an organization’s ability to deploy those capabilities to drive better business outcomes. By building end-to-end risk management applications for the entire customer lifecycle on top of our industry-leading decision management platform, FICO ensures that our clients are able to operationalize, monitor, and continuously refine cutting-edge risk management strategies.
Now in its 15th year, the Chartis RiskTech 100 reflects the assessment of independent analysts who conduct extensive research into market trends, expenditure patterns, best practices, and vendors. The top 100 technology vendors are rank-ordered, and the report also highlights a range of Category Leaders based on excellence in a number of relevant domains.
I am extremely proud of the work that FICO has done to earn this recognition and excited about the road ahead.