"This is an important milestone for Fair Isaac and underscores our continued commitment to expanding our presence in Asia Pacific," said J.Y. Pook, vice president and managing director, Asia-Pacific market, Fair Isaac. "China is a key strategic focus for Fair Isaac, and establishing this office will enable us to considerably enhance the services we can offer clients in this marketplace. The advanced technology and services that we provide will help local banks compete more effectively with the international banks."
Mr. Pook will oversee Fair Isaac's relationships with local clients and strategic partners, as well as lead all aspects of the company's operations and staff based in the company's Beijing office.
Fair Isaac's clients in China include leading local banks and international banks that have entered the Chinese market.
Fair Isaac's solutions for Enterprise Decision Management help businesses automate and improve decisions across the customer lifecycle. These solutions include data management services and predictive analytic systems that bring complete customer information and more intelligence to every decision, and decision management systems that implement decision strategies in a real-time environment for faster, more consistent and accurate decisions. Fair Isaac also provides tools and services that help businesses develop and deploy their own custom decision systems.
The company's industry-standard FICO® scores, fraud- and identity theft-prevention technologies, account management solutions and EDM software are used by thousands of companies in more than 80 countries.
About Fair Isaac
Fair Isaac (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 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, 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, 2006. 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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