MINNEAPOLIS, Oct. 12, 2011 /PRNewswire/ -- Fair Isaac Corporation (NYSE: FICO), the leading provider of analytics and decision management technology, announced today that it ranked #27 in the 2011 FinTech 100, which was unveiled this morning at the BAI Retail Delivery Conference in Chicago. FICO has now been included in the FinTech 100 eight years in a row, underscoring the company's enduring commitment and contributions to banking and insurance.
The FinTech 100 is an annual ranking of the top 100 global application/service providers in the financial services market compiled by American Banker, IDC Financial Insights and Bank Technology News (BTN). Companies included in the FinTech 100 must derive at least one-third of their revenue from the financial services industry, and are categorized and evaluated based on calendar year-end revenues and the percentage of revenues exclusively attributed to financial services. The ranking is featured in the October 12 issue of American Banker and the October issue of BTN.
"Economic volatility and evolving regulations, among other forces, have made profitable growth extremely challenging for financial services organizations," said Dr. Mark Greene, CEO of FICO. "We believe strongly in taking innovative approaches to these challenges – particularly the use of predictive analytics to make smarter decisions. We take our inclusion in the FinTech 100 to be another indication that FICO's industry-leading scores, tools and applications are serving our clients' needs now and for the future."
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, 2010 and its last quarterly report on Form 10-Q for the period ended June 30, 2011. 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.