FICO and Infoglide Software Collaborate to Strengthen Fraud Investigations

MINNEAPOLIS — October 25, 2011 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced it is enhancing its risk management and fraud detection applications by incorporating Infoglide’s market-leading Identity Resolution Engine^® (IRE) software. Infoglide IRE will serve as the identity resolution engine and link analysis solution across FICO’s suite of fraud detection and risk management products, which include the industry-leading FICO™ Falcon^® Fraud Manager for credit grantors and FICO™ Insurance Fraud Manager.

Now, fraud investigators can identify customers with greater precision, and use link analysis to find connections between transactions, people, third parties and discrete fraud events that can reveal previously hidden fraud schemes. The combined capabilities expand the view of the fraud investigator and enable the identification of more complicated fraud patterns, criminal fraud rings, and networks of collusive participants that might otherwise appear disconnected from a fraud problem.

The Infoglide Identity Resolution Engine combines a robust identity resolution capability that resolves common variations in spellings, nicknames, and other personal identification elements, with a sophisticated linking engine that weighs the relevance of multiple identity elements in order to determine the likelihood that individuals and events are related. A key differentiator for the Infoglide technology is the ability to analyze data in situ, without normalizing it and without requiring that it be moved into any proprietary database. This capability leaves the full power of the source data intact, strengthening the information value of the resulting analysis. As relationships exposed through the analysis can be quite complicated, Infoglide IRE also provides a clear, browser-based user-interface that allows the fraud investigator to quickly visualize and understand the nature of the relationships between individual actors and fraud events.

"Useful case management tools being added by fraud management technology vendors go beyond process and productivity enhancements to enable better investigation," said Rodney Nelsestuen, senior research director at TowerGroup, a Corporate Executive Board company. "Leading vendors are also able to incorporate data from any source - including a variety and growing number of social networks - in real time, without having to go through lengthy and costly ETL processes. This ability to investigate at the front end of a fraud event can make an impact on reducing losses and establishing insight for fraud prevention."

FICO will first focus on integrating these powerful capabilities with FICO Falcon Fraud Manager and FICO Insurance Fraud Manager, in order to enable the many users of these solutions to drive more effective fraud investigations and prevent the most complex fraud schemes, often involving multiple individuals and organizations.

"Fraud is becoming increasingly complex, with collusive networks and sophisticated fraud rings harming both credit grantors and their customers," said Doug Clare, vice president for fraud management solutions at FICO. "Infoglide IRE software provides a unique combination of capabilities - identity resolution, complicated linking algorithms, and data visualization - that complement FICO's high-performance detection analytics."

"FICO solutions make an enormous difference in minimizing the cost of fraud across the banking and insurance industries," said Douglas Wood, senior vice president for sales at Infoglide. "Combining Infoglide innovations with FICO fraud detection analytics brings powerful, new capabilities to users who are already preventing millions of dollars in losses every day."

Built on a robust service-oriented architecture, FICO™ Falcon^® Fraud Manager uses advanced analytic techniques that synthesize intelligence drawn from billions of payment card transactions and hundreds of person-years of experience to weigh key attributes and identify fraud with the utmost reliability — all in a fraction of a second. FICO Falcon Fraud Manager is the industry leader in card fraud detection, protecting more than 2 billion cards worldwide. FICO’s Insurance Fraud Manager utilizes complex unsupervised outlier modeling techniques to detect both known and unknown fraud, waste and abuse patterns in healthcare claims data, saving millions of dollars for healthcare payers.

About Infoglide Software Corporation
Infoglide (www.infoglide.com) supplies identity resolution and entity analytics solutions to government and commercial markets. Infoglide’s flagship product, Identity Resolution Engine™ (IRE), searches disparate databases to discover possible matches and non-obvious relationships between people, places, and things. IRE has over 50 attribute-specific algorithms that are used to find matches and social links between entities despite errors in data and intentional attempts to deceive. The product is used by organizations in the insurance, banking, identity management, and government spaces for fraud detection, compliance, anti-money laundering (AML), and screening. Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.

Über FICO
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO^® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com.

FICO: Make every decision count™.