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© 2014 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac.

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Presentation on theme: "© 2014 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac."— Presentation transcript:

1 © 2014 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation's express consent. Blazing New Trails with FICO and IFM TJ Horan VP Applications, Fraud Solutions FICO FICO® Insurance Fraud Manager User Group: San Diego, CA | May 7--8, 2014

2 © 2014 Fair Isaac Corporation. Confidential. 2 Profile The leader in predictive analytics for decision management Founded: 1956 NYSE: FICO Revenues: $743 million (fiscal 2013) Products and Services Scores and related analytic models Analytic applications for risk management, fraud, marketing, mobility Tools for decision management Clients and Markets 9,000+ clients in 80 countries Industry focus: Banking, insurance, retail, health care Recent Rankings #1 in services operations analytics (IDC) #6 in worldwide analytics software (IDC) #7 in Business Intelligence, CPM and Analytic Applications (Gartner) #26 in the FinTech 100 (American Banker) Offices 20+ offices worldwide, HQ in San Jose, California, USA 2,400 employees Regional Hubs: San Rafael (CA); San Diego (CA); New York; Roseville (MN); London; Birmingham (UK); Istanbul; Madrid; Munich; Sao Paulo; Bangalore; Beijing; and Singapore. FICO Snapshot

3 © 2014 Fair Isaac Corporation. Confidential. 3 We Work with the Most Successful Businesses IndustryClients Include Client Sample Banking More than half of the top 100 banks Insurance Two-thirds of the top US P&C insurers Retail/ Consumer Goods One-third of the top US retailers Health Care/ Pharma 7 of the top 10 pharma companies Government 100+ government agencies IndustryClients IncludeClient Sample Banking More than half of the top 100 banks Insurance Two-thirds of the top US P&C insurers Retail/ Consumer Goods One-third of the top US retailers Health Care/ Pharma 7 of the top 10 pharma companies Government 100+ government agencies

4 © 2014 Fair Isaac Corporation. Confidential. 4 More Profitable Decisions Across the Lifecycle Decision AreaChallengeSample Client Results Marketing Make the right offer at the right time to build profitability 50% increase in offer responses Originations/ Underwriting Book more customers without increasing risk 15% increase in customers booked while keeping risk exposure constant Customer Management Increase customer and portfolio profitability 30% increase in profit per account 25% decrease in bad debt CollectionsCollect more without additional resources30% increase in collector productivity Fraud Stop fraud faster while reducing “false positives” 50% decrease in fraud losses without impacting customer experience

5 5 © 2014 Fair Isaac Corporation. Confidential. Insurance Fraud Manager a Year in Review 5 © 2014 Fair Isaac Corporation. Confidential. ICD-10 Operational Robustness Performance Lower TCO Time To Value

6 6 © 2014 Fair Isaac Corporation. Confidential. Future 6 © 2014 Fair Isaac Corporation. Confidential. Ease of Use New Features Lower TCO Design Flexibility Integrate with FICO Assets

7 7 © 2014 Fair Isaac Corporation. Confidential. International ► More interest than ever by overseas clients ► We’ve completed POCs and/or deployments in: ► Brazil ► Netherlands ► South Africa ► IFM 4.0 designed from scratch to easily support multiple languages, even within the same tenant. ► New design allows flexibility for column header labels and UI widgets to be tailored to each customer

8 8 © 2014 Fair Isaac Corporation. Confidential. Integration with FICO Assets ► FICO Blaze Advisor Rules Management System ► Filter claims prior to IFM ► Business owners create their own rules without IT help ► Feed IFM findings back into front end rules engine ► FICO Customer Communication Services ► More efficiently verify fraud with your members ► Open up new markets or services with existing clients ► Improve operational efficiencies ► FICO Analytic Cloud ► Leverage IFM assets for reporting and capabilities in new FICO Cloud

9 9 © 2014 Fair Isaac Corporation. Confidential. FICO ® Analytic Cloud What Is It? A Portal For Clients and Partners to: Procure, provision, and use FICO applications Extend the apps, or build your own with the Decision Management Platform (DMP) Browse the Marketplace (for features, add-ons, or whole solutions) Monetize your investment through the Marketplace by offering your solutions to others Collaborate with peers through the FICO Analytic Cloud Community

10 © 2014 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation's express consent. Thank You TJ Horan (858) FICO® Insurance Fraud Manager User Group: San Diego, CA | May 7--8, 2014


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