(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced that it has received the Innovative Implementation Award from The Association for Co-Operative Operations Research and Development (ACORD), the worldwide insurance industry standards body. The award was announced at the 2008 ACORD-LOMA Insurance Systems Forum in Las Vegas.
The award recognizes Fair Isaac for its business value and innovative application of ACORD standards. Fair Isaac Blaze Advisor® business rules management system provides a critical platform for small compensation, organized risk evaluation quoting and underwriting systems for property and casualty commercial lines. The system features a standard, ACORD XML-based object model, a combination of business rules-based decisioning and rules-deployed analytics, and a powerful user interface offering effective real-time quoting and underwriting capabilities leveraging SmartForms for Blaze Advisor.
"Today more than ever, businesses require decision management tools that give them a competitive edge amid fierce economic conditions," said Carole-Ann Matignon, Vice President of Product Management, Fair Isaac. "This recognition from ACORD underscores the value that Fair Isaac Blaze Advisor delivers in this challenging environment."
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.
About Blaze Advisor
Fair Isaac Blaze Advisor is the leading business rules management system, making businesses more agile and consistent by giving them greater control over every business decision. The ease of application development and the simplification of business rules authoring and maintenance, combined with the fastest execution of rules are some of the reasons why the largest companies worldwide rely on Fair Isaac Blaze Advisor.
Based in New York, ACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. With offices in London as well, ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD Standards and services improve efficiency and expand market reach. Affiliated with ACORD are hundreds of insurance and reinsurance companies, and thousands of agents and brokers, related financial services organizations, solution providers, and industry organizations worldwide.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Blaze Advisor business rules management system, 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 the 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, 2007, and its quarterly report on Form 10-Q for the period ended June 30, 2008. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac and Blaze Advisor are registered trademarks of Fair Isaac Corporation in the United States and in other countries. Other product and company names herein may be the trademarks of their respective owners.
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