In the course of the greatest financial crisis of a generation and escalating demand for strategies to control financial losses and restore profitability, Fair Isaac® Corporation (NYSE: FIC), a leading provider of analytics and decision management technology, today announced the participation of three key economic luminaries from the public and private sector in InterACT 09, the company's 32nd annual conference.
Addressing different aspects of the InterACT 2009 theme, "The New Face of Risk," the keynote speakers will include:
- Dr. William Poole - former chief executive of the Federal Reserve Bank of St. Louis and a published author and expert on monetary policy and the subprime mortgage crisis. Poole is currently Senior Fellow at the Cato Institute, senior advisor to Merk Investments and a frequent contributor on Bloomberg television and radio. He also is a Distinguished Scholar in Residence at the University of Delaware.
- Dr. Robert Shiller - economist recognized worldwide for his forecasts of financial bubbles and his penetrating insight into market dynamics. Shiller is Arthur M. Okun Professor of Economics, Yale University, regular contributor to the Economic View column of The New York Times, cofounder of Macromarkets LLC., and author of Irrational Exuberance and The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It.
- Martin Wolf - associate editor and chief economics commentator at the Financial Times in London and a Forum Fellow at the World Economic Forum where he has served as a panel moderator. Previously, he was a senior economist for ten years at the World Bank's division of international trade. Wolf is also the author of Fixing Global Finance: How to Curb Financial Crises in the 21st Century.
The keynote speakers will discuss important topics such as how to effectively manage risk, predict customer behavior and turn compliance into competitive advantage during a time of turbulence.
"When the subprime crisis first hit, many hoped that the repricing of risk would be no more than a brief interruption of the progress of the US and world economies. Such hopes have been disappointed," said Wolf. "It's time we see the crisis for what it is, and address it accordingly and collectively in order to rebuild."
"The disruption of our credit markets is of historic proportions and will continue to have significant economic impact into 2009," said Shiller. "The collapse revealed the inadequacies of some existing risk management practices, and InterACT provides a venue by which we can come together to discuss how to improve these processes so that we may resolve this crisis and prevent future ones."
"There are some who believe regulation can fix more than it really can," said Poole. "While the Federal Reserve and federal government play important roles, industry professionals must take responsibility for maintaining best practices and innovating to create news ways of managing risk. Risk managers in the private sector should seize this opportunity and leverage events like InterACT to talk about how to manage risk for the long term."
InterACT participants will hear not only insight from the industry's top economic minds, but also how to take this insight and apply it with predictive analytics, decision management and successful customer treatment strategies.
"Businesses are under enormous pressure right now to stimulate growth while keeping risk in check," said Laurent Pacalin, chief marketing officer at Fair Isaac. "As always, InterACT will provide participants with actionable ideas for accomplishing this from the banking and insurance industries' leading thinkers and practitioners."
InterACT will take place at the Sheraton New York Hotel and Towers in Midtown Manhattan from March 10-13, 2009. Prospective attendees can find complete information and register online at www.myinteract.com.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) transforms business by making every decision count. Fair Isaac'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 Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to Fair Isaac 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, its ability to recruit and retain key technical and managerial personnel, 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, competition, regulatory changes applicable to the use of consumer credit and other data, the possibility that the anticipated benefits of acquisitions, including expected synergies, will not be realized and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10 K for the year ended September 30, 2008. If any of these risks or uncertainties materializes, Fair Isaac's results could differ materially from its expectations. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
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