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March 8, 2017
SAN JOSE, CA — March 8, 2017
If the world seemed dangerous from a financial crime perspective last year, experts at Silicon Valley analytics firm FICO predict an even more challenging 2017. In a new paper, four of the leaders in the company’s fraud and financial crime group laid out 17 predictions, ranging from killer devices in the home to hacked fingerprints.
More information: http://www.fico.com/en/17-financial-crime-predictions-for-2017
Among the financial crime trends the FICO experts predict for 2017 are:
FICO’s predictions cover the fields of enterprise fraud, analytics, cybersecurity and compliance with anti-money laundering and other regulations. Where some may see these areas as completely separate, FICO does not.
“Increasingly, the domains of fraud protection, cybersecurity and regulatory compliance are merging within institutions, which are taking a more holistic view of financial crime,” said Bob Shiflet, vice president of financial crime solutions at FICO. “This is critical, as these areas share a need for rapid action based on real-time threat assessment.”
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.
Learn more at www.fico.com.
Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/
FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.
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