(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced today that it has been recognized among the top 25 technology providers to the global financial services industry in the 2007 FinTech 100.
The annual listing-compiled by American Banker, SourceMedia's flagship publication for banking and financial services professionals, and Financial Insights, a global independent advisory firm-comprises the top 100 vertical technology leaders that derive more than a third of their revenue from the financial services industry.
"We are pleased that Fair Isaac was once again named a top 25 financial technology leader," said Greg Corgan, vice president of Global Sales at Fair Isaac. "Our consistently high position in the prestigious FinTech 100 ranking demonstrates our dedication to knowing our customers' businesses, collaborating closely and delivering innovative analytic solutions that are fine-tuned to their evolving business requirements."
Now in its fourth year, The FinTech 100 rankings help financial institutions know how their vendors compare in terms of size, scale and capacity for growth, as well as assist the decision process when selecting technology providers who can positively impact the productivity and profitability of the financial institution. The 2007 ranking of the top 100 application/service providers in the financial services industry is categorized and evaluated by calendar year-end revenues (CY06) and the percentage of revenues from sales to financial services industry clients.
"FinTech companies are growing faster than what the industry spends on technology," said Jeanne Capachin, research vice president of global banking and insurance for Financial Insights. "Top vendors strive to become trusted partners with their financial institution customers."
Ranked 23rd in the 2007 FinTech 100, Fair Isaac builds on more than 50 years of delivering innovative solutions that have dramatically improved results for financial institutions of all kinds. More than half of the world's top banks and nearly all of the top U.S. banks and card issuers apply Fair Isaac's solutions and technologies for Enterprise Decision Management (EDM) to make profitable decisions throughout the customer lifecycle and across the organization. Two out of every three credit card accounts worldwide are managed with, and protected from fraud by Fair Isaac solutions.
Fair Isaac and other 2007 winners were honored at the Bank Administration Institute (BAI) Retail Delivery Conference & Expo on November 14 in Las Vegas.
About Fair Isaac
Fair Isaac Corporation (NYSE: FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, 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 www.myFICO.com website.
About American Banker and SourceMedia, Inc.
American Banker, www.AmericanBanker.com , is the banking and financial services industry's premier daily source of information, news, and analysis for executives at banks of all sizes. Founded in 1836, with a current readership of more than 77,000, the publication covers topics including national and global issues, mortgages, consumer finance, legislation, investment products, card and payment systems and technology.
SourceMedia, an Investcorp company, is the pre-eminent provider of timely and essential news, analysis, research, and insights for members of the financial services community, and the related fields of accounting and technology. SourceMedia offers its clients and subscribers professional publications, industry-standard data applications, and in-depth seminars and conferences.
About Financial Insights, an IDC Company
Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Their global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company. Visit www.financial-insights.com for more information.
Fair Isaac Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac or its businesses 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 Enterprise 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 for the year ended September 30, 2007. 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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