Fair Isaac Corporation - FICO STOCK NEWS

FICO (NYSE:FICO) announced that CEO Will Lansing will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 4:00 pm EST. The presentation will be live-streamed on FICO's investor website and available for viewing until December 9, 2021. Founded in 1956, FICO specializes in predictive analytics and decision management, holding over 170 patents to enhance profitability and customer satisfaction across various sectors globally.

FICO (NYSE: FICO) will host a free financial education online event for Jackson, Mississippi residents on December 9, 2020. The event, part of FICO's 'Score A Better Future' program, aims to enhance financial literacy and understanding of credit scores, crucial for improving financial health. Congressman Bennie Thompson will be a special guest, emphasizing the importance of financial education. Participants can receive free one-on-one credit coaching from Operation HOPE's financial coaches. Registration details and further information can be found at scoreabetterfuture.com.

FICO highlights the rise of online fraud during the 2020 holiday shopping season, exacerbated by the pandemic. With over 130,000 fraud reports and $182 million lost to scams, the urgency for consumer protection is clear. Liz Lasher, a VP at FICO, offers five critical tips for avoiding online fraud: revise password habits, utilize authentication features, trust payment methods, maintain skepticism, and monitor credit reports. These strategies aim to safeguard consumers as they navigate a challenging holiday shopping landscape.

FICO has been selected by Akbank to enhance its consumer credit card limit decisions, aiming to optimize their portfolio management. This initiative includes training Akbank's team in optimization methodologies and developing sophisticated action-effect models for retail lending. Akbank plans to establish an optimization center of excellence, utilizing FICO's Decision Optimizer technology to improve profitability and reduce non-performing loans. The move highlights Akbank's strategy to leverage advanced analytics for financial decision-making.

FICO, a leader in analytics, announces that Dr. Scott Zoldi will deliver the keynote at the virtual Canadian Telecom Summit from November 17-19, 2020. His keynote, titled "Ethical in the Age of AI?", will focus on AI governance, machine learning explainability, and eliminating bias in decision-making. Following his presentation, Dr. Zoldi will participate in a panel discussion on innovations in 5G, Blockchain, and AI.

FICO emphasizes the importance of ethical AI use as it continues to impact daily life and business innovation.

FICO announces the panel of independent judges for the 2021 FICO® Decisions Awards, recognizing clients who excel in analytics and decision management technology. Nominations are open until December 4, 2020, across eight categories including AI, Cloud Deployment, and Fraud & Security. Winners will be revealed on January 22, 2021, at the FICO World conference in November 2021. The judging panel consists of eight global experts with extensive industry experience, ensuring a comprehensive evaluation of nominations based on key performance metrics.

FICO (NYSE:FICO) reported strong fourth fiscal quarter results for the period ending September 30, 2020, achieving net income of $59.1 million ($1.98 per share), up from $54.6 million ($1.80 per share) year-over-year. The company reported revenues of $374.4 million, a significant increase from $305.3 million in the prior year, driven by growth across all operating segments. Non-GAAP net income reached $97.0 million ($3.25 per share), compared to $60.8 million in Q4 2019. Operating cash flow improved to $136.2 million, reinforcing FICO's robust performance despite economic volatility.