FICO Unlocks Enterprise Collaboration and Operationalizes Real-Time Insights to Help Clients Accelerate Innovation and Deliver Exceptional Customer Experiences
16 Abril 2024 - 9:00AM
Business Wire
New improvements to FICO® Platform continue to
deliver hyper-personalization and increase value in enterprise
data, advanced analytics, and AI
FICO World – FICO (NYSE: FICO)
Highlights:
- New enhancements to FICO® Platform accelerate enterprise
collaboration by breaking down silos and improving the ability to
operationalize real-time insights while leveraging the latest AI
innovations.
- The ability to publish reusable decision services and
intelligent assets enables businesses to broaden collaboration and
rapidly deploy new use cases through an open and extensible
platform.
- These innovations, use cases and customer success stories will
be highlighted at FICO® World, a premier client event, happening
now, April 15-18 in San Diego.
At its annual FICO® World conference today, global analytics
software leader FICO announced major new enhancements to FICO®
Platform that improve and expand enterprise collaboration. The
updates unlock new methods for organizations to break down silos
and get more value out of their data and analytics investments. The
open and extensible FICO Platform empowers customers to rapidly
onboard a wider range of use cases and tap into an ecosystem of
data sources and powerful analytics.
“The innovations to FICO Platform include new API enablement, an
open ecosystem, and business composability features that foster a
more collaborative environment by reducing silos and creating
transparency into future outcomes,” said Bill Waid, chief
product and technology officer at FICO. “Plus, with the
improvements to our simulation and enterprise optimization
capabilities, a business stakeholder can model what would happen,
for example, to their company-level credit portfolio if they
adjusted their decision criteria to expand credit access or pursue
new revenue opportunities. There are nearly unlimited possibilities
to how organizations can utilize simulation and optimization to
develop, refine, and execute their business strategies.”
Accelerating Innovation Through an Open Ecosystem
FICO® Platform enhancements enable businesses to expedite their
return on investment in data and analytics. This minimizes vendor
lock-in by creating an open ecosystem of data, decision
intelligence services supported through APIs, a common repository,
and an open and extendable platform. Combined with robust business
simulation and digital twin capabilities, organizations can also
provide their stakeholders with fine-grained control of
enterprise-wide scenario experimentation that drives “what-if”
scenarios that can have a direct impact on how to mitigate risk and
create outsized results.
FICO Platform customers can now use the latest innovations in AI
to consider complex constraints such as available budget, desired
profitability and market share, and refine new pricing strategies
to discover the optimal actions they need to take. With new
engineering improvements, business analysts and domain experts are
empowered to leverage optimization modeling that is now up to 8
times faster to build models and 42% faster to solve the mixed
integer programming problems that are common in financial
services.
"Dock empowers businesses to intercept fraudulent activities,
safeguard their operations, and enhance user experiences,
ultimately fostering greater customer loyalty,” said Antonio
Soares, chief executive officer at Dock. “We are expanding our
partnership with FICO to introduce a new product designed to
revolutionize credit line management and risk mitigation. This
innovative solution leverages real-time transaction-level analysis
powered by FICO Platform, allowing customers to optimize
authorizations, minimize non-payment risks, and maintain control
over exposure levels.”
Driving Deeper Collaboration and Operationalizing
Insights
FICO empowers business professionals, IT, and data science teams
to come together by publishing decision assets and intelligent
decision services that become unified across the enterprise. This
helps stakeholders redefine what collaborative and efficient
workstreams look like for their organizations. It also allows
employees to share experimentation results across the company to
operationalize AI predictions in real-time and improve business
outcomes.
All new enhancements are available to FICO® Platform users
worldwide today. For more information on the latest enhancements on
FICO Platform, please visit:
https://www.fico.com/en/fico-platform.
FICO is showcasing these innovations and use cases for FICO®
Platform at FICO® World, April 15-18 in San Diego, CA. For more
information on FICO World, visit HERE.
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956, the company
is a pioneer in the use of predictive analytics and data science to
improve operational decisions. FICO holds more than 200 US and
foreign patents on technologies that increase profitability,
customer satisfaction and growth for businesses in financial
services, insurance, telecommunications, health care, retail and
many other industries. Using FICO solutions, businesses in more
than 100 countries do everything from protecting 4 billion payment
cards from fraud, to improving financial inclusion, to increasing
supply chain resiliency. The FICO® Score, used by 90% of top US
lenders, is the standard measure of consumer credit risk in the US
and has been made available in over 40 other countries, improving
risk management, credit access and transparency. Learn more at
www.fico.com.
Join the conversation at https://twitter.com/fico &
https://www.fico.com/blogs/.
For FICO news and media resources, visit
https://www.fico.com/en/newsroom.
FICO is a registered trademark of Fair Isaac Corporation in the
U.S. and other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416490534/en/
Julie Huang press@fico.com
Fair Isaac (NYSE:FICO)
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