FICO Again Ranked Among Top 25 Global Financial Technology Providers by American Banker, Bank Technology News and IDC Financial Insights FICO makes FinTech 100 ranking for ninth straight year
MINNEAPOLIS, Oct. 10, 2012 /PRNewswire/ -- FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced that it has been named one of the Top 25 Global Financial Technology Companies in FinTech, a special report from American Banker, Bank Technology News and IDC Financial Insights. FICO has now been included in the FinTech 100 nine years in a row, underscoring the company's consistent growth and contributions to banking and insurance.
The FinTech 100 are financial technology firms that have significant revenue in the financial services industry.
"Since the FinTech 100 rankings were introduced in 2003, FICO has consistently ranked highly," said Mike Gordon, executive vice president of sales, services and marketing at FICO. "The industry itself is changing rapidly, yet FICO has remained relevant by providing the very best solutions for fraud protection, risk assessment, collections and mobile communications. By focusing on enabling our clients to be more profitable and efficient and to comply with regulatory requirements, we've been able to maintain our standing within the FinTech industry."
"Financial institutions are relying more than ever on their technology providers for innovative, effective, and efficient solutions to address profitability and efficiency strategies, as well as compliance requirements," said Karen Massey, senior analyst at IDC Financial Insights. "The FinTech 100 companies are innovative tech players that are meeting that demand."
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 www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count™.
For FICO news and media resources, visit www.fico.com/news.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2011 and its last quarterly report on Form 10-Q for the period ended June 30, 2012. If any of these risks or uncertainties materializes, FICO's results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.
FICO and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.