These patents were awarded to FICO Labs team members for inventions underlying FICO’s industry-leading solutions in decision management and fraud protection.
“FICO helps its client extract value from Big Data through powerful analytics and decision management,” said Stuart Wells, chief technology officer at FICO. "Our latest patents underscore our culture of innovation and discovery, and the importance of delivering technologies that enable our clients to use analytics to visualize data in new ways, and stay ahead of fraud trends.”
Four of the patents were for inventions related to the Decision Graph, a new feature of FICO decision management software products including FICO® TRIAD® Customer Manager, FICO® Blaze Advisor® business rules management solution and FICO® Model Builder. The Decision Graph gives business users an easy-to-use graphical tool that makes it easier to understand and change complex strategies. With Decision Graph, business users can automatically optimize strategies for more efficient processing; compare strategies by structure as well as by logic; explore and explain strategies by instantly drilling down into specific segments and reviewing sub-population statistics; and reduce the size of complex strategies (making them easier to understand) by 25 percent on average.
Three of the patents cover analytic innovations used by FICO’s industry-leading fraud solutions, including intelligent profiles, self-calibrating analytics, account customer profiling and customer-connectivity informed fraud detection. These patented technologies are already enabled in FICO® Falcon® Fraud Manager, which protects more than 2.5 billion payment cards worldwide. FICO Falcon Fraud Manager has been recognized for its innovation in recent reports by independent analyst firms Forrester and CEB TowerGroup.
FICO has 91 other patent applications pending in the United States and other countries.