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Vendor Analysis: FICO

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Chartis names FICO as Category Leader for Artificial Intelligence in Financial Services

Vendor Analysis: FICO Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018

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  • Chartis named FICO the category leader in three out of four RiskTech quadrants included in the report
  • FICO was named a category leader for ‘Data Management’, ‘Analytics’ and ‘Packaged Applications’

FICO has been named as a category leader in three out of four RiskTech quadrants included in the recently published 'Artificial Intelligence in Financial Services 2019 Market and Vendor Landscape' report. Chartis evaluates the landscape for solutions through the development of their RiskTech Quadrant, a proprietary methodology, developed specifically for the risk technology marketplace. It takes into account the product and technology capability of vendors, as well as their organizational capabilities. They use two distinct categories to evaluate vendors, firstly - 'completeness of offering', that evaluates the breadth and depth of functionality a vendor possesses, along with infrastructure, analytics and reporting capability. Secondly - 'market potential', that evaluates a range of categories such as market penetration, brand reputation, innovation and implementation and support.

FICO was named category leader in the following quadrants: ‘Data Management’, ‘Analytics’ and ‘Packaged Applications’

In the report, Chartis notes that 'true AI vendors are rare and that most focus on one of the three main technology areas, with some combining these into packaged solutions'. FICO's strength of offering of offering is demonstrated in two out of these three key areas and also for their packaged solutions.

Download the report to learn more