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FICO Receives 2015 Computerworld Data+ Editors' Choice Award for Fraud SystemSAN JOSE, Calif., Sept. 2, 2015 /PRNewswire/ -- FICO today announced that it has been named a 2015 Computerworld Data+ Editors' Choice Award honoree. This prestigious honor recognizes innovative Big Data initiatives that have delivered significant business value. For more information: www.computerworld.com/tag/dataeditorschoiceawards/. The award was granted to FICO because of its FICO® Falcon® Fraud Manager solution, which uses streaming analytics to quickly identify fraudulent activity and reduce losses for clients. Many card issuers see a 50 percent reduction in fraud-related losses as a result of implementing Falcon Fraud Manager. "Continuous innovation has kept FICO at the forefront of fraud detection and loss avoidance for more than two decades – a fact that's reflected in this award," said Scott Zoldi, vice president of analytic science at FICO. "With nearly 130 patents held or pending in the area of fraud detection and loss avoidance, FICO has the leading payment card fraud solution worldwide, protecting more than 2.5 billion cards. We estimate we have saved US card issuers alone more than $10 billion." "We are pleased to announce the 2015 Data+ Editors' Choice Awards honorees," said Scot Finnie, editor in chief, Computerworld. "This year's honorees have used analytics to solve vexing business and humanitarian problems. They are taking data analytics to the next level – mining data to make fast business decisions, measure risk, create efficiencies and much more." The Data+ Editors' Choice Awards honorees and their achievements will be highlighted in a special September feature on www.computerworld.com. About Computerworld's Data+ Editor's Choice Awards The Computerworld Data+ Editors' Choice awards program was launched in 2013 by IDG's Computerworld editorial team to recognize organizations that are mining big data to analyze and predict business trends and monetize this information. Organizations were asked to complete questionnaires detailing their big data projects, which were then reviewed by the Computerworld editorial team. From those questionnaires, honorees were selected for their ability to achieve business benefits through big data, and demonstrate real-world results and best practices. View the 2015 winners on www.computerworld.com/tag/dataeditorschoiceawards/. About Computerworld About FICO For FICO news and media resources, visit www.fico.com/news. FICO and Falcon are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries. Logo - http://photos.prnewswire.com/prnh/20111010/CG83314LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fico-receives-2015-computerworld-data-editors-choice-award-for-fraud-system-300136411.html SOURCE FICO |