Articles from FICO

Global analytics software leader FICO (NYSEFICO), was recognized as a software category winner in the 2025 BIG Innovation Awards, for its innovative use of blockchain technology to advance responsible artificial intelligence (AI) and help ensure AI model governance.

FICO (NYSEFICO): Global analytics software leader FICO today announced that the 2024 FICO® Xpress Best Paper Award went to a team that developed an algorithm for finding solutions to difficult optimization problems with millions of variables and constraints in just a few seconds. The paper from Bjørnar Luteberget and Giorgio Sartor of SINTEF, one of Europe’s largest independent research institutes, presents the “Feasibility Jump” algorithm that accelerates the time for finding a first feasible solution to a massive optimization problem. The algorithm has been integrated into FICO® Xpress Solver.

Global analytics software leader, FICO, will announce its first quarter fiscal 2025 results on February 4, 2025, after the market closes and will host a conference call on February 4th at 5:00 p.m. Eastern time (4:00 p.m. Central/2:00 p.m. Pacific).

FICO (NYSEFICO)

At the Banking Tech Awards in London, global analytics software leader FICO won the Tech of the Future – Blockchain and Tokenisation award for its innovative work using blockchain technology for AI model governance. FICO’s use of blockchain to advance responsible AI is the first time blockchain has been used to track end-to-end provenance of a machine learning model, to meet responsible AI and regulatory requirements.

Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, and FICO, a global analytics software leader, have today announced a strategic collaboration to integrate FICO® Score 10 T for mortgage asset buyers and sellers on MCT Marketplace. The firms anticipate that mortgage lenders and investors transacting on the largest mortgage asset exchange for the U.S. secondary market, MCT Marketplace, will benefit by leveraging FICO Score 10 T, the company’s newest, most innovative and most predictive scoring model.

HOPE Global Forum - Global analytics software leader FICO (NYSEFICO) today announced the launch of its Lenders Leading Inclusion™ Program to empower Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to responsibly expand access to credit for underserved communities. By offering access to cutting-edge alternative data scores and financial inclusion strategies, FICO aims to responsibly expand credit access to more people and help consumers achieve financial opportunities.

Global analytics software leader FICO (NYSEFICO) today announced a significant milestone in housing finance: the launch of the first ever government-issued mortgage-backed security (MBS) with loans decisioned using FICO® Score 10 T. This historic MBS pool, issued by Cardinal Financial (Cardinal), included VA loans assessed through FICO’s most innovative scoring model, setting a new precedent for smarter lending decisions and increased borrower inclusion.

FICO (NYSEFICO)

FICO (NYSEFICO)

FICO (NYSEFICO)

FICO (NYSEFICO)

FICO (NYSEFICO), a global analytics software leader, today announced results for its fourth fiscal quarter ended September 30, 2024.

Global analytics software leader FICO (NYSEFICO) today announced a new analytic tool for mortgage professionals, the FICO® Score Mortgage Simulator.

Global analytics software leader, FICO, has announced that Atlantic Bay Mortgage Group is the latest to adopt FICO ® Score 10 T, FICO’s newest, most powerful and predictive score, for its mortgages not sold to Fannie Mae or Freddie Mac. Informative Research will supply Atlantic Bay Mortgage Group with the new credit score.

Global analytics software leader, FICO, will announce its fourth quarter fiscal 2024 results on November 6, 2024, after the market closes and will host a conference call on November 6th at 5:00 p.m. Eastern time (4:00 p.m. Central/ 2:00 p.m. Pacific).

Global analytics software leader FICO has announced a strategic partnership with Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, to bring advanced optimization and decision management solutions to businesses in a range of industries worldwide. TCS will use FICO® Platform, a low-code/no-code solution for analytics-powered decision automation and mathematical optimization, to create industry-specific solutions powered by real-time, fully interpretable analytics, machine learning and cutting-edge AI models. Both firms will support these offerings with expert professional services. TCS was recently recognized with the Global System Integrator Award from FICO.

Global analytics software leader, FICO, and U.S. Senator Mark Warner’s office continue their partnership to host a series of Score A Better Future™ credit education workshops as part of the “Virginia Financial Empowerment Series” in Norfolk and Portsmouth, Virginia, on October 29 and October 30. The latest event series builds on the initial workshops held in March reinforcing the commitment of this partnership to further enhance financial literacy throughout Virginia, underscoring the importance of financial education in the community.

Global analytics software leader, FICO, will host a booth at the Las Vegas Asian Night Market, offering attendees resources, including educational brochures and information about financial literacy, credit, and the importance of credit health. The 5th annual Asian Night Market will take place on October 19th from 5PM - 11PM at the College of Southern NV, Charleston Campus to serve local businesses, create a space of community, and display the rich tapestry of Asian American, Native Hawaiian, and Pacific Islander (AANHPI) culture for everyone to enjoy.

New analysis from global analytics software leader, FICO (NYSEFICO), shows that the national average U.S. FICO® Score currently sits at 717. This is one point lower than a year ago and the same as when FICO last reported on it earlier this year.

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FICO (NYSEFICO)

Global analytics software leader FICO will host a full day of Score A Better Future™ (SABF) Fundamentals free credit education workshops for students at Durango High School in Las Vegas, Nevada on October 18. Richard Childress Racing’s No. 8 FICO Chevrolet driver and two-time NASCAR Champion, Kyle Busch, will visit his alma mater and participate in a SABF Fundamentals workshop, helping to inspire students to learn more about finances, credit, and FICO® Scores. The free educational information provided at the event will help empower students with the knowledge, tools, and resources to gain a deeper understanding of personal finance and how to work toward financial independence.

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FICO (NYSEFICO):

FICO (NYSEFICO)

FICO (NYSEFICO):

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FICO (NYSEFICO):

On August 24, global analytics software leader, FICO, will host two free events: a free Score A Better Future ™ (SABF) event for adults and a Score A Better Future Fundamentals credit education event for teens. These events aim to provide Washington, D.C. residents with the knowledge and resources necessary to enhance their understanding of their future financial health, including the role of credit and an overview of the FICO® Score, the credit score used by 90% of top US lenders.

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Global analytics software leader, FICO, will host a free Score A Better Future™ Fundamentals credit education event for teens in Harrison with the help of local partner, Flag Nation on August 19. This event aims to provide students with the knowledge and resources to better understand their financial health, including an overview on the role of credit, and the FICO® Score, the credit score used by 90% of top US lenders to make lending decisions.

FICO (NYSEFICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2024.

Global analytics software leader FICO today announced that it has achieved Cloud Security Alliance (CSA) Security, Trust & Assurance Registry (STAR) Level 1 and Level 2 certifications, solidifying its status as a trusted cloud provider via the Cloud Security Alliance (CSA). CSA is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment.

FICO (NYSEFICO), a leading predictive analytics and decision management software company, today announced that its Board of Directors has approved a stock repurchase program to acquire up to $1 billion of the company’s outstanding common stock. This new program was approved following completion of FICO’s previous stock repurchase program, which was in effect from January 2024 until adoption of the new program in July 2024. The new stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions.

Global analytics software leader FICO will host three free credit education events in Charlotte on August 6th. These events include the Score A Better Future™ (SABF) workshop for adults and, in partnership with Camino, a Score A Better Future Fundamentals event for teens on August 6th. The third Fundamentals event will be a session for the students at the Movement Freedom School on August 6th. These events are designed to provide Charlotte residents with vital knowledge and resources to enhance their understanding of their future financial health, including the role of credit and an overview of the FICO® Score, the credit score used by 90% of top U.S. lenders to make lending decisions.

FICO, a leading analytics software company, is partnering with the National Association of Minority Mortgage Bankers of America (NAMMBA) to help educate and train mortgage professionals on financial wellness and how to support their communities from a social impact lending perspective. The new collaboration is expected to incentivize more lenders to obtain NAMMBA’s Certified Community Lender (CCL®) certification.

Global analytics software leader, FICO, will host two free credit education events in Columbus on August 3rd - Score A Better Future™ (SABF) for adults and, in partnership with the Central Ohio Youth Sports Collaborative, a Score A Better Future Fundamentals financial education workshop for teens. These events aim to provide Columbus residents with the knowledge and resources necessary to enhance their understanding of their future financial health, including the role of credit and an overview of the FICO® Score, the credit score used by 90% of top US lenders to make lending decisions.

Global analytics software leader, FICO, will host a free Score A Better Future ™ (SABF) for adults and, in partnership with the YMCA of Metro Atlanta, a Score A Better Future Fundamentals credit education event for teens, both events on July 31, 2024. These events aim to provide Atlanta residents with the knowledge and resources necessary to enhance their understanding of their future financial health, including the role of credit and an overview of the FICO® Score, the credit score used by 90% of top US lenders to make lending decisions.

FICO, a leading analytics software firm, has announced that CMG Mortgage, Inc. the retail lending arm of the well capitalized and privately held mortgage banking firm, CMG Financial has adopted FICO® Score 10 T, the company’s newest, most innovative, and most predictive scoring model.

FICO (NYSEFICO), a leading predictive analytics and decision management software company, will announce its third quarter fiscal 2024 results on July 31, 2024, after the market closes and will host a conference call on July 31st at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific).

FICO, a leading analytics software firm, and the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation, celebrate their longstanding and continued partnership. For fourteen years, FICO and FINRA Foundation have brought financial education resources to United States’ active-duty service members and their spouses by providing military financial educators and counselors for the Department of Defense and Coast Guard Personal Financial Management Programs.

Global analytics software leader, FICO, will host a free Score A Better Future™ Fundamentals credit education event for teens from the Boys & Girls Club of St. Joseph on July 27, 2024. This event will provide students with the knowledge and resources to gain a deeper understanding of how to work toward their financial well-being, including the role of credit and an overview of the FICO® Score, the credit score used by 90% of top U.S. lenders to make lending decisions.

Global analytics software leader, FICO, will host a free Score A Better Future™ Fundamentals credit education event for teens from the Boys & Girls Clubs of the Peninsula on July 24, 2024. This event aims to provide students with the knowledge and resources to better understand their financial health, including an educational overview on the role of credit, and the FICO® Score, the credit score used by 90% of top US lenders to make lending decisions.

Global analytics software leader FICO announced today the appointment of Nikhil Behl as executive vice president for software, effective today. This appointment expands his remit to now lead all technology and go-to-market functions for the software business. A veteran of the company since 2014, Behl previously held the roles of executive vice president and chief marketing officer and, most recently, executive vice president for sales & marketing for the software business segment.

FICO, a leading analytics software firm, has announced that Encompass Lending Group and Equity Resources, Inc. are the latest mortgage lenders to embrace FICO’s newest, most innovative and predictive scoring model, FICO® Score 10 T. Their proactive adoption of the model stems from FICO’s strategic relationship with Lenders One® Cooperative (“Lenders One”), of which both lenders are members. Lenders One is a national alliance of independent mortgage bankers, banks, and credit unions dedicated to helping its members maximize revenue, reduce costs, and improve decision-making.

Global analytics software leader FICO today announced its Chief Analytics Officer, Dr. Scott Zoldi, has been named to the list of American Banker’s 2024 Innovators of the Year.

FICO, a leading software analytics software company, is teaming up with Chelsea Football Club (FC) and U.S. Soccer Foundation again this year to launch the next phase of their partnership to empower consumers through access to financial education at all stops of Chelsea FC’s pre-season tour. New this year, FICO is expanding its partnership with Chelsea FC to include the sponsorship of the women’s team in addition to continuing to be the primary official partner of the Club’s men’s team as it heads to the United States.

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Global analytics software leader, FICO today announced it has been named winner of the “Business Intelligence Platform of the Year" in the Data Breakthrough Awards. Data Breakthrough is an independent market intelligence organization that recognizes the top companies, technologies and solutions in the global data technology market.

FICO, a leading analytics software firm, has announced that Paramount Residential Mortgage Group, Inc. (PRMG), a modern multi-channel mortgage lender, has adopted FICO® Score 10 T, the company’s newest, most innovative and most predictive scoring model.

FICO (NYSEFICO)

FICO (NYSEFICO), a leading predictive analytics and decision management software company, today announced Will Lansing, Chief Executive Officer, will present at the Barclays Americas Select Franchise Conference 2024 on Wednesday, May 8th at 11:30am BST at The Langham, London, 1C Portland Place, London.

FICO (NYSEFICO), a leading predictive analytics and decision management software company, today announced results for its second fiscal quarter ended March 31, 2024.

FICO World – FICO (NYSEFICO)

FICO World – April 18, 2024 – FICO (NYSEFICO)

FICO (NYSEFICO), a leading predictive analytics and decision management software company, will announce its second quarter fiscal 2024 results on April 25, 2024, after the market closes and will host a conference call on April 25th at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific).

FICO World – Today at FICO® World, the industry's leading analytic and AI event, analytics software leader FICO (NYSEFICO) announced a significant milestone in the adoption of FICO® Score 10 T by the mortgage industry. Since 2023, clients with over $100 billion in annualized mortgage originations and approximately $300 billion in eligible mortgage portfolio servicing have signed up for the FICO Score 10 T.

FICO World – FICO (NYSEFICO)

FICO World – FICO (NYSEFICO)

FICO World – FICO (NYSEFICO)

FICO World – FICO (NYSEFICO)

FICO World – FICO (NYSEFICO)

FICO (NYSEFICO):

FICO, a leading analytics software firm, has announced that national mortgage lender, servicer and asset manager Planet Home Lending will be using FICO® Score 10 T in real-time comparisons for mortgage originations and to inform retention and recapture analytics for its $100 billion servicing portfolio. Xactus will supply Planet with the new score.

FICO (NYSEFICO):

FICO, a leading analytics software firm, has partnered with American tennis star Chris Eubanks in its latest financial literacy initiative. Eubanks, who broke into the sport’s Top 30 last year, has teamed up with FICO to help raise awareness of the need for financial and credit education as the essential first step to achieve financial literacy. The collaboration kicks off as Eubanks takes the court at the Miami Open.

Global analytics software leader, FICO (NYSEFICO), and U.S. Senator Mark Warner’s office are teaming up to host a series of Score A Better Future™ credit education workshops as part of the “Virginia Financial Empowerment Series” in the Richmond area March 19-21.

FICO (NYSEFICO), a leading analytics software firm, has teamed up with Richard Childress Racing (RCR) to help drive forward its effort to raise awareness about the need for financial education.

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FICO (NYSEFICO), a leading predictive analytics and decision management software company, today announced Steve Weber, Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference on Tuesday, March 5th at 9:50am EST at the JW Marriott Orlando Grande Lakes, 4040 Central Florida Parkway, Orlando, FL.

FICO, a leading analytics software firm, has announced that Premier Lending Inc. (Premier Lending), a family-owned Charlotte, N.C. based mortgage leader, will become an early adopter of FICO® Score 10 T to enhance its non-conforming loan origination efforts as well as acquisitions of mortgage whole loans.

FICO, a global analytics software leader, has announced that Primis Bank, an FDIC-insured and backed institution, is the first bank to adopt FICO® Score 10 T. By tapping FICO’s newest, most innovative, and predictive scoring model, Primis Mortgage is positioned to help more borrowers achieve homeownership and continue its impressive 120 percent year-over-year growth trajectory.

FICO (NYSEFICO):

FICO (NYSEFICO), a leading predictive analytics and decision management software company, today announced results for its first fiscal quarter ended December 31, 2023.