FICO Wins Banking Tech Award for Blockchain and AI Innovation
FICO has secured the Tech of the Future – Blockchain and Tokenisation award at the Banking Tech Awards in London for its groundbreaking application of blockchain technology in AI model governance. The company has developed and patented an immutable blockchain ledger that tracks the complete lifecycle of machine learning models, marking the first-ever use of blockchain for this purpose.
The technology ensures compliance with responsible AI standards and regulatory requirements by tracking development, operationalization, and monitoring of AI models. This innovation previously earned FICO a Global Finance Innovators award. The company's commitment to ethical AI is demonstrated through its FICO® Falcon® Fraud Manager solution, which pioneered the use of neural networks in 1992 and currently oversees approximately 4 billion payment cards worldwide.
FICO ha conquistato il premio Tech of the Future – Blockchain e Tokenizzazione ai Banking Tech Awards a Londra per la sua innovativa applicazione della tecnologia blockchain nella governance dei modelli di intelligenza artificiale. L'azienda ha sviluppato e brevettato un libro mastro blockchain immutabile che traccia l'intero ciclo di vita dei modelli di machine learning, segnando il primo utilizzo della blockchain a questo scopo.
Questa tecnologia garantisce la conformità agli standard di intelligenza artificiale responsabile e ai requisiti normativi, monitorando lo sviluppo, l'operatività e la supervisione dei modelli di intelligenza artificiale. Questa innovazione ha già valso a FICO un premio Global Finance Innovators. L'impegno dell'azienda per un'intelligenza artificiale etica è dimostrato attraverso la sua soluzione FICO® Falcon® Fraud Manager, che ha pionierato l'uso delle reti neurali nel 1992 e attualmente gestisce circa 4 miliardi di carte di pagamento in tutto il mondo.
FICO ha ganado el premio Tech of the Future – Blockchain y Tokenización en los Banking Tech Awards en Londres por su innovadora aplicación de la tecnología blockchain en la gobernanza de modelos de inteligencia artificial. La empresa ha desarrollado y patentado un libro mayor blockchain inmutable que rastrea todo el ciclo de vida de los modelos de aprendizaje automático, marcando el primer uso de blockchain para este propósito.
La tecnología asegura el cumplimiento de los estándares de IA responsable y los requisitos regulatorios al rastrear el desarrollo, la operacionalización y el monitoreo de los modelos de IA. Esta innovación le valió a FICO un premio Global Finance Innovators. El compromiso de la empresa con una IA ética se demuestra a través de su solución FICO® Falcon® Fraud Manager, que fue pionera en el uso de redes neuronales en 1992 y actualmente supervisa aproximadamente 4 mil millones de tarjetas de pago en todo el mundo.
FICO는 런던의 Banking Tech Awards에서 AI 모델 거버넌스에 있어 혁신적인 블록체인 기술 적용으로 Tech of the Future – Blockchain and Tokenisation 상을 수상했습니다. 이 회사는 기계 학습 모델의 전체 생애 주기를 추적하는 불변 블록체인 원장을 개발하고 특허를 취득하여 이 목적을 위해 블록체인을 최초로 사용했습니다.
이 기술은 AI 모델의 개발, 운영 및 모니터링을 추적함으로써 책임 있는 AI 기준 및 규제 요구 사항을 준수하도록 보장합니다. 이 혁신은 이전에 FICO에 Global Finance Innovators 상을 안겼습니다. 이 회사의 윤리적 AI에 대한 의지는 FICO® Falcon® Fraud Manager 솔루션을 통해 입증되며, 이 솔루션은 1992년에 신경망을 처음으로 도입하고 현재 전 세계에서 약 40억 개의 결제 카드를 관리하고 있습니다.
FICO a remporté le prix Tech of the Future – Blockchain et Tokenisation lors des Banking Tech Awards à Londres pour son application révolutionnaire de la technologie blockchain dans la gouvernance des modèles d'intelligence artificielle. L'entreprise a développé et breveté un registre blockchain immuable qui suit le cycle de vie complet des modèles d'apprentissage automatique, marquant ainsi la première utilisation de la blockchain à cette fin.
Cette technologie garantit la conformité aux normes d'IA responsable et aux exigences réglementaires en suivant le développement, l'opérationnalisation et la surveillance des modèles d'IA. Cette innovation a précédemment valu à FICO un prix Global Finance Innovators. L'engagement de l'entreprise en faveur de l'IA éthique est démontré à travers sa solution FICO® Falcon® Fraud Manager, qui a été pionnière de l'utilisation des réseaux de neurones en 1992 et supervise actuellement environ 4 milliards de cartes de paiement dans le monde entier.
FICO hat den Preis Tech of the Future – Blockchain und Tokenisierung bei den Banking Tech Awards in London für seine bahnbrechende Anwendung der Blockchain-Technologie in der Governance von AI-Modellen gewonnen. Das Unternehmen hat ein unveränderliches Blockchain-Register entwickelt und patentiert, das den gesamten Lebenszyklus von Machine-Learning-Modellen verfolgt und damit die erste Verwendung von Blockchain zu diesem Zweck markiert.
Die Technologie gewährleistet die Einhaltung von verantwortungsvollen AI-Standards und regulatorischen Anforderungen, indem sie die Entwicklung, Operationalisierung und Überwachung von AI-Modellen verfolgt. Diese Innovation brachte FICO bereits einen Global Finance Innovators Preis ein. Das Engagement des Unternehmens für ethische KI wird durch die FICO® Falcon® Fraud Manager Lösung demonstriert, die 1992 die Verwendung von neuronalen Netzwerken einführte und derzeit etwa 4 Milliarden Zahlungskarten weltweit überwacht.
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FICO’s use of blockchain for AI model governance wins Tech of the Future: Blockchain and Tokenisation award
More information: https://www.fico.com/blogs/how-use-blockchain-build-responsible-ai-award-winning-approach-0
FICO’s AI Innovation and Development team has developed and patented an immutable blockchain ledger that tracks end-to-end provenance of the development, operationalisation and monitoring of machine learning models. The technology enforces the use of a corporate-wide responsible AI model development standard by organisations, and demonstrates adherence to the standard with specific requirements, people, results, testing, approvals and revisions. In addition to the Banking Tech award, Global Finance recognized FICO’s blockchain for AI technology with a The Innovators award last year.
“The rapid growth of AI use has made Responsible AI an imperative,” commented Dr. Scott Zoldi, chief analytics officer at FICO. “FICO is focused on technologies that ensure AI is used in an ethical way, and governance is absolutely critical. We are proud to receive another award for our groundbreaking work in this area.”
FICO is well-known as a leader in AI for financial services. Its FICO® Falcon® Fraud Manager solution, launched in 1992, was the first fraud solution to use neural networks, and today manages some 4 billion payment cards worldwide. FICO has built advanced analytics capabilities into FICO® Platform, an applied intelligence platform for building decision management solutions.
See the full list of Banking Tech Award winners for 2024: https://informaconnect.com/banking-tech-awards/2024-winners/
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by
FICO and Falcon are registered trademarks of Fair Isaac Corporation in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241216258755/en/
For further press information please contact:
FICO
Wendy Harrison/Parm Heer
ficoteam@harrisonsadler.com
0208 977 9132
Source: FICO
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