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FICO and Telecom Leaders Win Award for AI Project Aimed at Stopping Fraud with Open APIsThe Business Assurance Project won the Most Business Impact Catalyst award at Digital Transformation World 2019 LONDON, June 26, 2019 /PRNewswire/ -- Global analytic software firm FICO was part of a team that won the Outstanding Business Impact Catalyst award from the industry association TM Forum, for a project aimed at assessing an applicant's credit risk or the likelihood that a service application is fraudulent. The project team — BT, Deutsche Telekom, Hrvatski Telekom, Orange, Amdocs, Bulb Technologies, FICO and IBM — developed a business assurance digital marketplace using artificial intelligence and machine learning, and demonstrated that it could contribute to at least 1% improvement in the overall bottom line revenue for CSPs. The award was presented at Digital Transformation World in Nice. More information: https://www.tmforum.org/open-ai-business-assurance-market-place/ The Business Assurance Catalyst, one of several proof-of-concept projects organized by TM Forum, demonstrated how digital service providers can apply AI, machine learning and API-based revenue assurance, credit management and fraud management to effectively protect digital business. The project involved:
"FICO is seen as a pioneer in AI and machine learning, particularly in the area of streamlining customer onboarding journeys and fraud detection," said Anat Hoida, who runs FICO's telecommunications practice in Europe, the Middle East and Africa. "For this project, we were proud to be on a team of industry leaders to create a powerhouse solution that shows the value AI and machine learning can bring to the industry." Catalysts are proof-of-concept projects developed collaboratively by TM Forum members. These projects bring together companies large and small to create innovative solutions to common challenges demonstrating how this can be achieved leveraging key TM Forum best practices and standards. Many innovative and thought-provoking proof-of-concept projects turned prototype have been created by the Catalyst program. More than 145 different companies and hundreds of individuals made up the 32 teams that participated in Catalysts showcased at Digital Transformation World. About TM Forum TM Forum is an association of over 850 member companies' customers across 180 countries. We drive collaboration and collective problem-solving to maximize the business success of communication and digital service providers and their ecosystem of suppliers around the world. Today, our focus is on supporting members as they navigate their unique digital transformation journeys, providing practical and proven assets and tools to accelerate execution and platforms to facilitate collaborative problem solving and innovation. Learn more at www.tmforum.org. About FICO 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 190 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 is a registered trademark of Fair Isaac Corporation in the U.S. and other countries. Logo - https://mma.prnewswire.com/media/153740/fico_logo.jpg
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