Latest FICO News: Finextra Research

Fico correlates locations of mobile phones and card transactions to tackle fraud

Fico has developed fraud protection technology which checks a person's location, via their mobile phone, against the location of the ATM or point-of-sale terminal where their card is being used.

05 November 2013

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Fico shares up 30% in a good week for fintech stocks

Fair Isaac, which rebranded as Fico last week, led the gainers on the Finextra50 Financial Technology Index, as the index closed Friday up 8.6% to 56.02. Only one company, Ffastfill, dropped more than 5%, but it was Fico, EXLServices and Pegasystems that led the many gainers.

16 March 2009

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Fair Isaac to axe 250 more jobs

Fair Isaac, the Minneapolis-based provider of credit scoring technology, is cutting 250 jobs worldwide in a bid to reduce operating expenses for 2009 by $40 million.

08 January 2009

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Gresham, Metavante and Morningstar lead Finextra50 higher

Better-than-expected earnings results for US firms Morningstar and Metavante, along with a positive outlook at UK-based Gresham Computing, helped push the Finextra50 index up 2.2 per cent to 87.69 in its anniversary week.

06 May 2008

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GlobeOp, Tsys and Fair Isaac lead fintech index higher

The Finextra50 Financial Technology Index ended Friday up 3.5% in a good week all-round for most global markets. GlobeOp and Fair Isaac were among the gainers, while expectations of a weaker Q2 dragged Chordiant lower.

07 April 2008

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Fair Isaac cuts 420 jobs

Fair Isaac, the Minneapolis-based provider of credit scoring technology, is cutting 420 jobs and shedding several business units under a restructuring programme designed to boost revenue and cut costs by $100 million a year.

02 April 2008

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Finextra50 dips to 95.74 despite rises for i-flex and Computershare

Despite double-digit gains from i-flex and Computershare, the Finextra50 Financial Technology Index fell .48% last week. Weaker than expected earnings and guidance statements from Chordiant and SimCorp meant these firms led the fallers.

19 November 2007

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Fair Isaac to profile device-level fraud risk

US-based Fair Isaac is teaming with US electronic payments network Nyce to extend its account-profiling technology to ATMs and point-of-sale terminals in order to determine the fraud risk associated with individual devices.

28 August 2007

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Finextra50 ends week up at 100.79

The Finextra50 Financial Technology Index rose .78% last week, driven by takeover talk at Fair Isaac, Fininfo and Mphasis. Gains were tempered by falls in Broadridge and Advent Software.

02 July 2007

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Finextra launches Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. Our weekly update on the index's movements will provide a framework for analysing trends in the financial technology market, particularly vendor consolidation - a trend that shows no sign of slowing down.

11 May 2007

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Fair Isaac cuts 200 jobs

Minneapolis-based Fair Isaac is cutting 200 jobs as part of a broad restructuring plan that includes shifting some work to its offshore centre in India.

16 June 2006

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Turkey's Akbank deploys Fair Isaac technology for mobile-based loan service

Akbank, Turkey's largest privately owned bank, has implemented Fair Isaac's decisioning technology to support a new service that allows customers to apply for mortgages and loans using their mobile phones.

18 May 2006

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