SAN JOSE, Calif., Jan. 29, 2014 /PRNewswire/ -- FICO (FICO), a leading predictive analytics and decision management software company, is ranked #17 in Chartis's RiskTech100® 2014 Rankings, and the category leader for North America.
The annual RiskTech100 report is the most comprehensive and prestigious global study of risk technology vendors. It covers a spectrum of risk technologies and disciplines that includes credit risk, operational risk, market risk, asset liability management (ALM) and liquidity risk, trading risk, financial crime, insurance risk and regulatory compliance.
"Our rise in the Chartis rankings reflects positive industry recognition of FICO, especially in North America," said Stuart Wells, FICO's chief technology officer. "The report rankings also saw us rise eight spots on last year to reach #17. As a company we have invested heavily in product development to respond to the needs of our customers. This ranking reflects the hard work and passion of the team and the satisfaction of our clients."
FICO's leading risk management solutions include the world's leading credit risk management solution, FICO® TRIAD® Customer Manager; the world's leading payment fraud protection solution, FICO® Falcon® Fraud Manager; the top credit bureau score, the FICO® Score, which is the industry standard measure of U.S. consumer credit risk; and solutions for customer originations, customer growth and retention, and debt management.
All participating vendors in the RiskTech100 study are evaluated across six equally weighted categories which include functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. FICO received its highest scores in market presence, innovation, and functionality.
Methodology for the Chartis RiskTech100® Rankings
The rankings in Chartis's RiskTech100® report reflect the firm's analysts' opinions, along with research into market trends, participants, expenditure patterns, and best practices. The data collection for this study started in January 2013 and the analysis has been validated through several phases of independent verification. Specific research included market sweep of 24,000 risk technology buyers globally (80% financial services, 20% non-financial services); 823 completed questionnaires from risk technology buyers and end-users; 320 completed questionnaires from risk technology vendors; 115 interviews and product briefings with risk technology vendors; 120 interviews with risk technology buyers to validate survey findings; and 65 interviews with independent consultants and systems integrators specializing in risk technology.
The full report is available at www.risktech-forum.com .
FICO (FICO), formerly known as Fair Isaac, is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.
For FICO news and media resources, visit www.fico.com/news.
FICO, TRIAD, Falcon and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
About the RiskTech100®
The RiskTech100® is recognized globally as the most comprehensive and prestigious study of the top technology companies active in the risk management market and is available from www.risktech-forum.com. RiskTech100® is a Registered Trade Mark of Chartis Research Limited
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Chartis is authorized and regulated by the Financial Services Authority (FSA) for providing investment advice - (www.chartis-research.com).