FICO Wins Fintech Finance Award for Fraud and Cybersecurity Solutions

SAN JOSE, Calif., Feb. 14, 2017 /PRNewswire/ --  

HIGHLIGHTS:

• FICO has received the Silver award for Best in Cybersecurity & Fraud Prevention from Fintech Finance magazine
• The award recognizes FICO's work in fraud prevention as well as cybersecurity
• These are the first Fintech Finance awards

Silicon Valley analytic software firm FICO has received the Silver award for Best in Cybersecurity & Fraud Prevention from Fintech Finance magazine. The award recognizes FICO's pioneering work with the FICO^® Falcon^® Fraud platform and its cybersecurity solutions.

More information: http://www.fico.com/en/fraud-security/enterprise-fraud-and-security-solutions

"FICO is a clear leader in the fraud arena with its Falcon platform, which is used across jurisdictions to combat fraud through event processing, monitoring, rules and case management for transactions," said Ali Paterson, senior editor at Fintech Finance. "They have also developed an impressive set of cybersecurity solutions that feature self-calibrating analytics, providing real-time detection of emerging threats. The company has been fighting fraud longer than its competition, and has continued to lead with analytic innovations and their application to new problems."

FICO offers FICO^® Falcon^® Cybersecurity Analytics for threat detection based on groundbreaking User and Entity Behavior Analytics, as well as the FICO^® Enterprise Security Score, which applies machine learning to objectively assess the security risks of an organization. These solutions complement the FICO^® Falcon^® Platform, the world's leading solution for enterprise fraud protection, which protects more than 2.6 billion payment cards worldwide. This year marks the 25^th anniversary of Falcon, which was the first commercial anti-fraud solution to employ artificial intelligence and machine learning.

"FICO has invested heavily in analytics for fighting financial crime for nearly three decades," said Doug Clare, vice president of cybersecurity solutions at FICO. "The strength of our portfolio, and the level of invention in our products, is unmatched. We are proud to get this award from Fintech Finance, recognizing our efforts to protect not just banks but all kinds of businesses and their customers."

About FICO

FICO FICO powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at www.fico.com.

Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/

FICO and Falcon are trademarks or registered trademarks of Fair Isaac Corporation in the US and other countries.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fico-wins-fintech-finance-award-for-fraud-and-cybersecurity-solutions-300406224.html

SOURCE FICO