SAN JOSE, Calif., June 12, 2018 /PRNewswire/ --
Silicon Valley analytic software firm FICO has been awarded seven new patents related to fraud, artificial intelligence (AI), and advanced analytics. In total, FICO currently holds 188 US and foreign patents, and has 89 pending patent applications.
"FICO focuses on helping organizations get the most business value from analytics, to optimize their business processes and drive real-time actions," said Dr. Stuart Wells, FICO's chief product and technology officer. "These patents are breakthroughs that are driving innovations in areas such as fraud detection, marketing, Big Data and more."
Three of the patents awarded are innovations in the FICO® Falcon® Platform, which uses machine learning to detect transactional fraud by providing deep behavioral analytic insight into transaction activity. The Falcon Platform is the world's most intelligent payment fraud detection solution, protecting more than 2.6 billion cards worldwide. These patents are:
Other patents awarded to FICO include:
FICO (NYSE: 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 185 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 http://www.fico.com.
FICO and Falcon are registered trademarks of Fair Isaac Corporation in the U.S. and other countries.
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