FICO Falcon Fraud Manager honored for Big Data analysis that has saved billions of dollars
SAN JOSE, Calif. — September 2, 2015 — FICO today announced that it has been named a 2015 Computerworld Data+ Editors' Choice Award honoree. This prestigious honor recognizes innovative Big Data initiatives that have delivered significant business value.
For more information: www.computerworld.com/tag/dataeditorschoiceawards/.
The award was granted to FICO because of its FICO® Falcon® Fraud Manager solution, which uses streaming analytics to quickly identify fraudulent activity and reduce losses for clients. Many card issuers see a 50 percent reduction in fraud-related losses as a result of implementing Falcon Fraud Manager.
"Continuous innovation has kept FICO at the forefront of fraud detection and loss avoidance for more than two decades – a fact that’s reflected in this award," said Scott Zoldi, vice president of analytic science at FICO. "With nearly 130 patents held or pending in the area of fraud detection and loss avoidance, FICO has the leading payment card fraud solution worldwide, protecting more than 2.5 billion cards. We estimate we have saved US card issuers alone more than $10 billion."
"We are pleased to announce the 2015 Data+ Editors’ Choice Awards honorees," said Scot Finnie, editor in chief, Computerworld. "This year's honorees have used analytics to solve vexing business and humanitarian problems. They are taking data analytics to the next level – mining data to make fast business decisions, measure risk, create efficiencies and much more."
The Data+ Editors’ Choice Awards honorees and their achievements will be highlighted in a special September feature on www.computerworld.com.
About Computerworld’s Data+ Editor’s Choice Awards
The Computerworld Data+ Editors’ Choice awards program was launched in 2013 by IDG’s Computerworld editorial team to recognize organizations that are mining big data to analyze and predict business trends and monetize this information. Organizations were asked to complete questionnaires detailing their big data projects, which were then reviewed by the Computerworld editorial team. From those questionnaires, honorees were selected for their ability to achieve business benefits through big data, and demonstrate real-world results and best practices. View the 2015 winners on www.computerworld.com/tag/dataeditorschoiceawards/.
Computerworld is the leading IT media brand helping senior IT, business decision-makers and key influencers navigate change with effective business strategy. As the voice of business technology, Computerworld enables the IT value chain with unique editorial coverage from setting strategies to deriving value. Computerworld’s award-winning website (www.computerworld.com), focused conference series, strategic marketing solutions and research forms the hub of the world’s largest (40+ edition) global IT media network and provides opportunities for IT vendors to engage this audience. Computerworld leads the industry with an online audience of over 7.5 million monthly page views (Omniture, November 2014 – January 2015 average) and was recognized in BtoB’s 2013 Media Power 50 list; recognition Computerworld has received for more than 5 consecutive years. Computerworld is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world’s leading media, events and research company. Company information is available at www.idgenterprise.com.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
For FICO news and media resources, visit www.fico.com/news.
FICO and Falcon are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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