FICO Ranks Top 5 in the 2023 Chartis RiskTech100® Report

I am thrilled to announce that the annual 2023 Chartis RiskTech100® Report ranking risk and compliance technology companies is live! FICO placed top five overall, up from sixth place for the previous two years. We brought home a total of six wins, most impressively winning Innovation for the sixth consecutive year:

• Innovation
• Artificial Intelligence Applications
• Financial Crime – Enterprise Fraud
• Retail Credit Analytics
• Innovation – Retail Finance (*New category win for FICO)
• Innovation – AI and Decision Management Platform (*New category win for FICO)

FICO is honored to be recognized for excellence in risk management and compliance and would like to congratulate all the winners for their best-in-class contributions across the risk management space.

In support of FICO’s win, Sid Dash, research director at Chartis Research studying risk and compliance technology companies stated, "FICO secured the top spot in the innovation category for the sixth consecutive year. That's no mean feat given the quality of the competition. It's really a testament to the company's determination to fulfil its mandate as a global innovator. The critical differentiator for FICO is its continued investment in developing open architecture technology that consistently delivers reusability and repeatability. It's fair to say many of FICO’s clients are in a very good place right now and are well positioned to meet consumer expectations for fast, smart, personalized decisions and solutions - delivered at speed and at scale.”

FICO is a leader in analytics and applied intelligence platform technology – providing our customers with tools to deliver and integrate a more personalized  experience. FICO’s innovative risk and compliance technology is represented in many ways including within our digital decisioning capabilities available on the FICO® Platform, customer and client fraud/scams protection using FICO® Falcon® Fraud Manager, and digital communication abilities on FICO® Customer Communication Services to name a few. FICO is committed to helping organizations deliver on their digital technology and risk management initiatives while meeting regulatory and governance standards to exceed customer expectations. Our predictive analytic solutions empower clients to audit and utilize their data from across the enterprise to make real-time decisions for optimal risk and compliance protection and control.

2023 marks the 17th anniversary of the Chartis RiskTech100® Report, which audits the world's major solution providers in risk and compliance technology. The rankings reflect the analysts' opinions, along with research in the risk management space including market trends, participants, expenditure patterns, regulatory and governance standards and best practices.