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April 10, 2006
Applying analytics and automated decisioning capabilities to the enterprise, Blaze Advisor, part of Fair Isaac's solutions and technologies for Enterprise Decision Management (EDM), is designed to automate operational business and can develop, deploy and maintain rules-based business applications. HP Open Bank is an Adaptive Enterprise delivery framework designed to help financial services companies achieve a single, real-time customer view.
In addition to Blaze Advisor, Fair Isaac is working with HP Open Bank to integrate the industry-standard fraud detection capabilities of Fair Isaac's Falcon™ Fraud Manager and Falcon One™ system, Fair Isaac's single-platform solution designed to address multiple types of fraud across an enterprise. The complementary capabilities of HP Open Bank and Falcon One will provide financial institutions with a single payment transaction view for efficient fraud monitoring and detection.
"This relationship demonstrates the commitment and capabilities of both Fair Isaac and HP to advance Enterprise Decision Management in retail banking," said Dan Brousseau, Fair Isaac's Director of Strategic Alliances. "This integration, which was achieved in less than a week's time, can detect activity such as fraudulent behavior on a customer's activity profile or recognize customer account transfers in real time to automatically trigger response from call centers and offer customers services such as lending products with specially tailored repayment terms."
"To be effective in today's marketplace, financial institutions must ensure that their interactions with customers provide added value - they must be timely, have appropriate content and respect the consumers' preferences for communications methods," said Kathleen Khirallah, Research Director, Retail Banking at TowerGroup. "Whether the message is for marketing, improving service, or fraud prevention, consumers have become more demanding and their expectation is for meaningful, time-sensitive, content-rich dialogues."
About EDMEnterprise Decision Management is a systematic approach to automating and improving high-volume decisions. It helps businesses make more intelligent, profitable decisions that are precisely calibrated to desired outcomes, are consistent across the enterprise, and can be quickly adapted to meet new customer demands, competitive challenges and corporate requirements.
Fair Isaac is a pioneer and foremost innovator of analytic solutions that produce smarter decisions and technologies for designing, deploying and managing EDM strategies.
About Fair IsaacFair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. 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 press release that relate to Fair Isaac, including statements regarding its Fair Isaac Blaze Advisor, Falcon Fraud Manager and Falcon One product offerings and the relationship described herein, and the benefits to be derived from these offerings, 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 any unforeseen technical difficulties related to the implementation, use and functionality of the offerings, the risks that customers will not perceive material benefits from the offerings, failure of the products to deliver the expected results, the possibility of errors or defects in the offerings, regulatory changes applicable to the use of consumer credit and other data, 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, 2005, and quarterly report on Form 10-Q for the period ended December 31, 2005. 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.
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