FICO Provides UniCredit with Tools to Reduce Application Fraud and Improve Customer Experience

  FICO Provides UniCredit with Tools to Reduce Application Fraud and Improve
                             Customer Experience

European banking leader aims to reduce application fraud with FICO analytics

PR Newswire

LONDON, Feb. 14, 2013

LONDON, Feb. 14, 2013 /PRNewswire/ --FICO (NYSE:FICO), the leading provider
of analytics and decision management technology, today announced that
UniCredit, the Italy-based European banking group, will use an application
fraud solution from FICO to help reduce fraud losses on personal loans and
improve the customer experience in its Italian banking business. FICO is also
validating the performance of the UniCredit Fraud Score, built for detecting
residential mortgage application fraud.


As part of its credit application process, UniCredit will score each loan for
its likelihood of being fraudulent. Custom fraud models developed by FICO
based on UniCredit's data will be used to analyze personal loans, and models
developed by UniCredit and certified by FICO will be used to analyze mortgage
loans. FICO will also work with UniCredit to define which criteria to check on
each application to detect more fraud, and to regularly fine-tune the models
and UniCredit's fraud rules based on fraud attacks. The solution is aimed at
detecting both third-party fraud, where the criminal uses another person's
identify to obtain credit, and first-party fraud, where an individual takes
out credit under his or her own name but with no intent to repay.

UniCredit is a major international financial institution with strong roots in
22 European countries and an international network in approximately 50

As reported by UniCredit's Risk Management department, "Our main objective was
to further enhance our ability in detecting potentially fraudulent
applications, while increasing efficiency and effectiveness in our fraud
investigations. We needed a solution which could enable us to focus on the
credit applications with the highest likelihood of fraud while improving the
customer experience. We chose FICO for its international leadership in fraud
analytics as well as its ability to partner with us and improve our fraud

"Application fraud is a growing focus for criminals who are being thwarted in
such areas as credit card fraud," said Mike Gordon, executive vice president
of sales, services and marketing at FICO. "By applying advanced analytics to
stopping criminals from opening credit lines with fraudulent intent, UniCredit
is taking an aggressive step that should boost the performance of their
business and further deter criminal activity. At the same time, UniCredit can
approve legitimate credit applications faster, by focusing fraud reviews on
only those applications that have the highest chance of being fraudulent."

FICO's industry-leading enterprise fraud management solutions include FICO^®
Falcon^® Fraud Manager, which protects 2.5 billion payment cards worldwide. As
part of its focus on applying analytic innovations to fraud detection, the
company has just released FICO^® Application Fraud Manager, a new global
solution for identifying first-party and third-party fraud in credit
applications. FICO was recently awarded "best-in-class" status by CEB
TowerGroup for card fraud and enterprise fraud management, as well as for
consumer loan origination systems.

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. Learn more at FICO: Make
every decision count^™.

For FICO news and media resources, visit

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, 2012
and its last quarterly report on Form 10-Q for the period ended December 31,
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, Falcon and "Make every decision count" are trademarks or registered
trademarks of Fair Isaac Corporation in the United States and in other


Contact: Media, Irina McGurk for FICO, Catalysis, +44 (0)20 7759 2022,; Investors/Analysts, Steven Weber, FICO,
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