March 13, 2009 (Minneapolis, Minnesota, USA) – In recognition of the growing importance and value of decision management in the financial services industry, FICO™ has established the FICO Decision Management Awards to honor businesses that have achieved outstanding results from their use of decision management technology to grow their businesses, manage risk and reduce costs. The program is open to all banking and insurance companies using FICO Decision Management solutions.
This year, awards will be presented in three categories: credit risk management, fraud control and insurance claims management. Nominations are due July 1, 2009, and winners will be announced September 1, 2009. Winners will receive recognition at FICO’s annual conference, FICO World, in 2010. Winning implementations will be featured in conference activities, and two representatives of the winning company will receive complimentary conference passes. In addition, a $1,000 contribution will be made to the charitable organization of each winner’s choice.
An independent panel of judges representing the media, industry analysts and FICO will evaluate nominations based upon measureable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of Decision Management technology. Results do not have to have been achieved in the current calendar year; however, products cited in the nomination must be within two releases of the current version.
“We’re consistently impressed by the meaningful results our clients achieve through the combination of their ingenuity and our Decision Management solutions,” said Laurent Pacalin, chief marketing officer at FICO. “By upholding the best examples of this sort of collaboration for all to see, we believe the entire industry will benefit.”
Additional information and a nomination form can be obtained by emailing FICO at firstname.lastname@example.org.
FICO™ (NYSE:FIC) transforms business by making every decision count. FICO’s Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through the www.myFICO.com website. Learn more about FICO at www.fico.com.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2008, and its quarterly report on Form 10-Q for the period ended December 31, 2008. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.
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