Chartis names FICO as Category Leader for Artificial Intelligence in Financial Services

Chartis names FICO as Category Leader for Artificial Intelligence in Financial Services

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  • Chartis named FICO the category leader in three out of four RiskTech quadrants included in the report
  • FICO was named a category leader for ‘Data Management’, ‘Analytics’ and ‘Packaged Applications’

FICO has been named as a category leader in three out of four RiskTech quadrants included in the recently published ‘Artificial Intelligence in Financial Services 2019 Market and Vendor Landscape’ report. Chartis evaluates the landscape for solutions through the development of their RiskTech Quadrant, a proprietary methodology, developed specifically for the risk technology marketplace. It takes into account the product and technology capability of vendors, as well as their organizational capabilities. They use two distinct categories to evaluate vendors, firstly – ‘completeness of offering’, that evaluates the breadth and depth of functionality a vendor possesses, along with infrastructure, analytics and reporting capability. Secondly – ‘market potential’, that evaluates a range of categories such as market penetration, brand reputation, innovation and implementation and support.

FICO was named category leader in the following quadrants: ‘Data Management’, ‘Analytics’ and ‘Packaged Applications’

In the report, Chartis notes that ‘true AI vendors are rare and that most focus on one of the three main technology areas, with some combining these into packaged solutions’. FICO’s strength of offering of offering is demonstrated in two out of these three key areas and also for their packaged solutions.

Download the report to learn more

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About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 150 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at www.fico.com and join the conversation at https://twitter.com/fico and http://www.fico.com/en/blogs/. FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.