FICO Debt Manager 9,5 Helps Debt Collectors Improve Performance While Complying with Latest Regulations

Upgraded FICO solution available both in the cloud and on-premise

SAN JOSE, Calif.—June 24, 2014—FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced the general availability of FICO^® Debt Manager™ solution 9,5, with a host of new features designed to help collectors improve productivity while ensuring they are compliant with new regulations. The solution enables collections groups to reduce operating costs, achieve score-driven increases in amounts collected, adjust to changing regulations and increase customer satisfaction.

FICO^® Collection Scores are now available out-of-the box, giving users the ability to assign the right treatment strategy and collector to each individual account, and thereby helping to improve performance. Typical operations that adopt FICO Collections Scores see a three to five percent lift in collections.

"Payment patterns have been changing fast and we're seeing growing numbers of first-time defaulters in many markets," said David Lightfoot, vice president of product management for FICO. "Collectors are increasingly turning to analytics so that every call, text or email yields results. With FICO Debt Manager 9.5, we've made it even easier for collectors to deploy analytics and boost their performance. It's all part of FICO's goal of democratizing analytics and bringing the proven power of scoring to every client."

FICO Debt Manager 9,5 is fully integrated with FICO^® Risk Intervention Manager, which automates real-time communication with customers through their preferred channel, improving right-party contact rates. FICO Risk Intervention Manager clients report being able to handle two to four times the volume at the same cost with better right-party contact rates and improved customer satisfaction. Working together, FICO Debt Manager and FICO Risk Intervention Manager enable collection organizations to adhere to regulations that stipulate language and debtor contact, and to produce reports quickly and easily for regulators based on a full audit of every action, automated or manual.

"The enactment and interpretation of new regulations is occurring quickly, which can have a tremendous impact on performance," said Lightfoot. "FICO collections solutions work together to provide the 'new basics' that collectors need: comprehensive data capture and analysis, analytically driven actions, collector activity control, 100% coverage of voice interactions and more powerful virtual agents."

FICO Debt Manager 9.5, available both in the FICO^® Analytic Cloud and as on-premise software, has several features that increase collectors’ success and efficiency. The Balance Reduction Plan gives users the ability to create schedules for consumers to reduce overdrawn or over-limit balances in increments. The configurable Collateral Support tab standardizes collateral data and enables users to define any collateral type, such as vehicles, real estate/property, financial instruments and boats. FICO^® Network integration provides connectivity and support to more than 500 agencies and data providers in the US and UK.

FICO^® Debt Manager™ solution is the most full-featured end-to-end solution for collections and recovery available today. More than 200 credit grantors, retailers, utilities, healthcare providers, government agencies and collection agencies worldwide rely on FICO debt management solutions.

Sobre a FICO
A FICO (NYSE: FICO) é uma grande empresa de software analítico que ajuda empresas em mais de 90 países a tomar melhores decisões que levem a níveis mais elevados de crescimento, rentabilidade e satisfação do cliente. O uso inovador que a empresa faz do Big Data e de algoritmos matemáticos para prever o comportamento do consumidor está transformando setores inteiros. A FICO fornece software analítico e ferramentas utilizadas em vários setores para gerenciar riscos, combater a fraude, construir relacionamentos mais rentáveis com os clientes, otimizar operações e cumprir regulamentações governamentais rigorosas. Many of our products reach industry-wide adoption. These include the FICO^® Score, the standard measure of consumer credit risk in the United States. As soluções da FICO utilizam padrões de código aberto e computação em nuvem para maximizar a flexibilidade, acelerar a implementação e reduzir os custos. A empresa também ajuda milhões de pessoas a gerenciar sua qualidade de crédito pessoal. FICO: Make every decision count™. Learn more at www.fico.com.

For FICO news and media resources, visit www.fico.com/news.

FICO, Debt Manager and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.