Welcome to our dedicated page for Fair Isaac news (Ticker: FICO), a resource for investors and traders seeking the latest updates and insights on Fair Isaac stock.
Fair Isaac Corporation (FICO) delivers essential analytics solutions powering credit scoring and risk management worldwide. This dedicated news hub provides investors and professionals with timely updates on FICO’s strategic initiatives, financial performance, and industry leadership.
Access authoritative coverage of earnings reports, product innovations, and regulatory developments shaping the financial technology sector. Our curated collection ensures you stay informed about critical announcements including fraud detection advancements, credit model updates, and enterprise software enhancements.
Bookmark this page for streamlined access to FICO’s official communications and third-party analysis. Return regularly to monitor how the company continues influencing lending practices and data-driven decision-making across global markets.
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Primis Bank, backed by FICO's innovative scoring model, aims to boost non-conforming mortgage lending with FICO® Score 10 T, enhancing credit risk management and increasing mortgage originations.
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FICO announces FICO® World 2024 event in San Diego, focusing on AI, decision management, and financial inclusion. The event aims to showcase the latest trends in technology for AI-powered decision management, customer loyalty, fraud prevention, and business competitiveness. Attendees can learn from leading financial institutions and industry experts, exchange ideas, and gain insights into credit risk management and financial wellness. Key breakout sessions will cover hyper-personalization, real-time analytics, event-based decisioning, and new scoring strategies.
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FICO (NYSE:FICO) reported a revenue of $382 million for the first fiscal quarter ended December 31, 2023, compared to $345 million in the prior year. The GAAP net income was $121.1 million, or $4.80 per share, versus $97.6 million, or $3.84 per share, in the prior year. The company's Non-GAAP Net Income was $121.2 million versus $108.5 million in the prior year period. The company is re-iterating its previously provided guidance for fiscal 2024, including revenues of $1.675 billion and Non-GAAP EPS of $22.45.
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FICO (NYSE:FICO) has announced a new stock repurchase program to acquire up to $500 million of the company’s outstanding common stock. The open-ended program allows the company to repurchase its shares from time to time in the open market and in negotiated transactions, following the completion of its previous stock repurchase program in January 2024.
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FICO (NYSE:FICO) to announce first quarter fiscal 2024 results on January 25, 2024, and host a conference call. The call will be webcast and accessible at FICO’s website. A replay will be available through January 25, 2025.
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FICO (FICO) Expands Educational Analytics Challenge to Delaware State University, Promoting Diversity and Inclusion in Data Science
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CrossCountry Mortgage (CCM) has become the first mortgage lender to commit to issuing mortgage-backed securities exclusively based on FICO® Score 10 T. As the nation’s number three retail mortgage lender, CCM's adoption of FICO’s newest scoring model will support origination and decision making for non-confirming loans, ultimately helping more consumers realize the dream of homeownership. This move will enable investors to update their guidelines to accept the most predictive score for MBS and allow the $12 trillion MBS global market to have access to more powerful insights and information.
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FICO (NYSE: FICO) announces 20+ new enhancements to FICO® Platform, including improvements to digital simulation capabilities, to empower companies to develop confidence quickly, explore alternatives easily, and innovate faster while reducing risk. These updates are designed to help businesses solve complex operational challenges while unlocking customer value and driving clear strategic business outcomes. FICO will showcase the innovations and use cases for FICO® Platform at FICO® World, FICO’s premiere client event, on April 15-18, 2024, in San Diego.
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NAFCU Services announced a new partnership with FICO, a global analytics software leader, to provide educational resources and tools on leveraging FICO® Scores for credit unions. The partnership aims to help credit unions meet their business goals and expand financial inclusion by enabling more informed lending decisions. The partnership was approved by credit union CEOs after a rigorous, independent review and voting process.
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FICO (NYSE: FICO) has been granted ten patents related to decisioning, fraud detection, machine learning, and responsible AI, demonstrating innovation in decision-making and AI-related technology advancements. The company's current patent portfolio consists of 223 US and foreign active patents, with an additional 73 patent applications filed and pending.
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Fair Isaac Corp
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Software - Application
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