FICO Appoints New Leadership to Drive Growth in Hong Kong and Taiwan

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SINGAPORE – March 16 2011 – FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced the opening of offices in Hong Kong and Taiwan and appointment of Leong Mun Tong as Senior Director to lead these markets. Mr. Leong will work closely with the company’s existing banking clients in the region as well as introduce FICO’s predictive analytics and decision management solutions to other industries such as retail.

Mr. Leong brings extensive experience and strong customer relationships to his new role. He previously was director of Credit Bureaus and Scoring for FICO in Asia Pacific, where he helped credit bureaus develop world-class credit infrastructures and bring innovative credit risk management solutions to financial services institutions through the region.

“Mun Tong’s solid experience in software development, business and technology integration, and consulting in financial services give him and his company an excellent understanding of the challenges facing our industry,” says Ms. Christine Lo, Head of Card & Consumer Finance at The Bank of East Asia, the largest independent local bank in Hong Kong. “He is particularly adept at introducing innovative solutions to address new business challenges at our bank. He has proven to be an invaluable partner to us, and we sincerely wish him every success in his future endeavors.”

“Hong Kong and Taiwan are mature markets and have sophisticated business needs, which makes FICO’s advanced solutions, like optimization and our fully connected Decision Management solutions suite, particularly relevant,” said Mr. Leong. “In addition, our expanded presence will enable us to leverage best practices between these markets and Mainland China to help our clients in Greater China make smarter decisions and compete effectively on the global stage.”

In the past year, FICO has achieved great success in the Greater China region. Cliff Wu, Managing Director for FICO in Greater China, said, “Our expansion in Taiwan and Hong Kong helps us significantly strengthen relationships with our clients and provide them with market-leading solutions, which will help them strike the delicate balance between growing profitably and managing risk.”

About FICO
FICO (NYSE:FICO) transforms business by making every decision count. FICO’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 FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through the website.

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