Press Release

Posted on August 30, 2012April 25, 2019

Hyderabad, AP, India

FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and ValueMomentum will jointly host a roundtable for Indian insurance carriers on 30 August, 2012 at Mumbai, India.

The “Winning Against Insurance Fraud Roundtable” will focus on how predictive analytics helps uncover new fraud, waste and abuse using a data-driven approach, as well as on fraud detection techniques using predictive analytics solutions from FICO and FICO® Blaze Advisor® business rules management system .

As the insurance industry worldwide strives to grow despite a dynamic economic climate, insurers are focused on achieving operational efficiency across their organization while balancing profitable growth. FICO’s advanced suite of technologies, applications, and services provides insurers with sharper insights into customer risk and behavior, then facilitates rapidly moving these insights into operational decision making. FICO’s solutions maximize efficiencies across core business processes and increase precision in a host of customer decisions that can trigger profitable growth.

FICO Blaze Advisor is the world’s leading business rules management system, maximizing control over high volume operational decisions. It provides companies across industries with a scalable solution that delivers unprecedented agility, consistency and business control. FICO Blaze Advisor is widely used in the insurance industry worldwide, and is also the rules engine within FICO’s industry-leading applications for decision management.

ValueMomentum holds the distinction of having successfully aided several Indian and international insurance carriers in implementing high-impact decision systems such as Automated Underwriting, Rating Segmentation, Claims Adjudication, Personalization, amongst others. ValueMomentum has deep expertise in inference-based Business Rule Engines like FICO® Blaze Advisor® business rules management system, and other decision-intensive technologies such as product configuration and pricing.

Founded in 1956, FICO provides industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks as well as leading insurers, including those in India and Asia Pacific, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands.

For more information on the event, please visit the event microsite: About the Sessions, About the Speakers.

About FICO

FICO (NYSE:FICO), formerly known as Fair Isaac, delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands.

FICO: Make every decision count™.
For FICO news and media resources, visit www.fico.com/news.

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2011 and its last quarterly report on Form 10-Q for the period ended June 30, 2012. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO, Blaze Advisor and “Make every decision count” are registered trademarks or trademarks of Fair Isaac Corporation in the US and other countries.

About ValueMomentum

ValueMomentum provides Technology Services & Business Software to Insurance, Financial Services and Health Payor firms. Our Customers like working with us because we deliver value to their initiatives, thereby, driving their momentum. ValueMomentum does this by applying a time-tested formula of combining strong technology expertise with deep industry experience.

Media Contacts:
North America:
Abhijeet Jhaveri,
ValueMomentum, Inc.
Tel.: +1 (908) 755-0370
Email: ajhaveri@valuemomentum.com

Asia Pacific:
Ravi Rao,
ValueMomentum, Inc.
Tel: +91 (40) 67338419
Email: rsrao@valuemomentum.biz
For more Information visit https://www.valuemomentum.com