May 28, 2013
, the Spanish business and economics magazine, has named the CONFIRMA fraud platform co-developed by FICO one of the "One Hundred Best Ideas of 2012." CONFIRMA is a SaaS-based platform created to fight credit fraud in
Antonio Garcia Rouco
, who directs FICO's operations in
, received the award at a ceremony on
at the Ritz Hotel in
"On behalf of FICO and our partners, I am honored to receive this validation from one of the most influential business publications in
. "This award recognizes the importance of the work we are doing to protect financial institutions and their customers from the rising threat of fraud."
The platform has been developed by CONFIRMA Sistemas de Informacion, a company formed with SIGNE and private investors, and is powered by the FICO
business rules management system. The platform aims to help lenders curb the rise in identity theft and fraudulent credit by detecting potential fraud in credit applications. The fraud prevention platform will be used by banks, savings banks, insurance companies, credit insurance companies, telecommunications companies, payment entities or financial intermediaries.
FICO is recognized as a global leader in anti-fraud technology. Its pioneering FICO
Fraud Manager protects more than 2.5 billion payment cards worldwide, and is part of the company's portfolio of enterprise fraud solutions. SIGNE is a leader in the production of secure documents (such as cheque books, bankbooks, passports and University diplomas), which contribute significantly to fraud prevention in commercial transactions.
FICO (NYSE:FICO), formerly known as Fair Isaac, 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 industry-leading solutions for measuring credit risk, 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. Learn more at
. FICO: Make every decision count
For FICO news and media resources, visit
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, 2012
and its last quarterly report on Form 10-Q for the period ended
March 31, 2013
. 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.
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