FICO Labs Members Win Best Paper Award at Edinburgh Scoring Conference with Basel-Related Analytic Research

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MINNEAPOLIS — September 6, 2011 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that the company won the Paragon Award for the Best Paper at the Credit Scoring and Credit Control XII conference in Edinburgh, the leading worldwide conference on credit scoring and related topics. This marks FICO’s second consecutive Best Paper award at the conference, following the 2009 win by FICO Labs’ Gerald Fahner on causal modeling.

David Molyneaux and Johan Jansen van Rensburg of FICO Labs were awarded the Paragon Award for Economic Impact Grade Migration Modelling - To Address Pro-Cyclicality in Current Risk Management Practice. Selected from nearly 75 papers, the paper explores the authors’ methodology for determining the impact of economic scenarios on credit risk, in order to help banks manage counter-cyclical risk under Basel III. FICO has launched the FICO® Economic Impact Service to bring these predictive analytics innovations to clients worldwide.

“FICO’s paper brings together the academic view and the practical view, which has been one of the main aims of the conference series since its inception in 1989,” said David Edelman, founding member of the judging committee. “We seek papers that advance our knowledge but also have practical applications. The work FICO presented is forward-thinking and very relevant to the current challenges in the credit industry, both deciding factors in presenting the FICO team with the award.”

“Members of FICO Labs advance the science of predictive analytics in order to solve some of the most pressing business issues facing banks and other companies,” said Andrew Jennings, FICO senior vice president, chief analytics officer and head of FICO Labs. “We are very proud to have been recognized with this award, as it acknowledges the groundbreaking research of our analytic experts in this field.”

The authors are also scheduled to present this work at the upcoming FICO World conference, to be held on 1-4 November 2011 in New York City. Information is available online at

Incidentally delegates came from 40 different countries and there were 398 delegates. This makes David's achievements even greater. Congratulations to David and his coauthor for an excellent paper.

The Credit Scoring Conference is organized by the Credit Research Centre at the University of Edinburgh and is held in Edinburgh every two years. Nearly 400 delegates — both academics and practitioners — attended from 40 countries. The Paragon Award for the Best Paper at the Credit Scoring and Credit Control conference is awarded by Paragon Business Solutions. Conference information is online at

About FICO
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through FICO: Make every decision count™.

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