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FICO Recognized by Chartis as Category Leader for Enterprise Fraud SolutionsSAN JOSE, Calif., March 8, 2021 /PRNewswire/ -- Highlights:
Global analytics software provider FICO, today announced that it has been named the Category Leader for Enterprise Fraud Solutions in the Chartis 2021 RiskTech Quadrant® report, for the third year in a row. The report ranks the financial services industry's leading financial crime risk management systems based on Chartis' analysis of market trends, expenditure patterns and best practices, which is validated through several phases of independent verification. FICO was recognized for both market potential and completeness of solution offering. For more information, read the full Chartis report. "FICO's ranking as Category Leader reflects its best-in-class enterprise fraud management solutions, which had the highest possible ratings for advanced fraud detection techniques, libraries of pre-packaged fraud rules, and card fraud," said Phil Mackenzie, senior research specialist at Chartis Research. "FICO also delivers advanced fraud-detection capabilities in mobile fraud, electronic payments fraud, and real-time transaction monitoring, via an integrated cloud-ready platform." FICO's fraud solutions protect more than 9000 financialinstitutions, telecommunication organizations, auto financers, and government agencies from financial losses as well as damages caused by criminal behavior. Since the onset of the COVID-19 pandemic, more enterprises are relying on FICO's industry-changing analytics software platform to make smarter decisions, streamline operations, and protect organizations against the latest fraud and financial crime threats. "FICO is proud to have its cutting-edge solutions recognized by Chartis as the category leader in financial crime risk management systems," said Tim Van Tassel, vice president, product management. "At FICO, we are committed to helping our clients use our award-winning solutions to prevent fraudulent activity as well as developing an industry leading AI, machine learning, and analytics platform." Published annually, Chartis' RiskTech Quadrant® reports are prepared by analysts with extensive hands-on experience of selecting, developing, and implementing risk management systems for a variety of international companies across multiple industries including banking, insurance, capital markets, energy, and the public sector. "Recognition as the category leader for three years in a row further highlights FICO's ongoing investment in innovation, our close partnership with clients and our dedication to delivering the industry standard for enterprise fraud solutions," said Nikhil Behl, chief marketing officer, at FICO. For more information, download the complete Chartis report on Financial Crime Risk Management Systems: Enterprise Fraud. About FICO Learn more at https://www.fico.com. Join the conversation at https://twitter.com/fico & https://www.fico.com/en/blogs/ For FICO news and media resources, visit www.fico.com/news. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. View original content to download multimedia:http://www.prnewswire.com/news-releases/fico-recognized-by-chartis-as-category-leader-for-enterprise-fraud-solutions-301241863.html SOURCE FICO |