Fair Isaac Corporation (NYSE:FIC), the leading provider of
analytics and decision management technology, announced today that
Linea S.p.A., an Italian holding company specializing in consumer
credit, has implemented Fair Isaac's advanced predictive modeling
tools to improve risk assessment and portfolio profitability.
Linea S.p.A. selected Fair Isaac's Model Builder for Predictive
Analytics, version 3.0, to enhance capabilities for developing,
implementing and monitoring retail risk scorecards and models across
its consumer finance products, including credit cards, auto and cash
loans.
Model Builder, a key part of Fair Isaac's Enterprise Decision
Management technologies, provides Linea S.p.A. with the power to
quickly design, modify and deploy sophisticated analytic models to
production systems without recoding by programmers. These models use
historical information as a basis for making better decisions about
future transactions, business problems and customer interactions.
"We selected Fair Isaac's Model Builder because it is the best
tool to help us expand our consumer credit portfolio while still
controlling and monitoring risk," said Corrado Giannasca, deputy
general manager for Credit and Risk at Linea S.p.A. "Fair Isaac's
advanced modeling platform will allow us to significantly improve the
efficiency and functionality of our modeling capabilities, and better
leverage critical data assets so that we can make the best decisions
about our customers."
"Model Builder gives Linea S.p.A. analysts direct access to the
same innovative analytic techniques that Fair Isaac analysts use every
day to build powerful custom predictive models that can be readily
deployed across the enterprise," said John Sandifer, Fair Isaac vice
president of Financial Services, EMEA market. "It provides all the
capabilities Linea S.p.A. will need to develop a range of different
models, and most importantly, drive significant efficiency and
continuity within its analytics business."
Model Builder's advanced modeling capabilities support the design
and deployment of decision management applications that can be
configured to meet the unique needs of different businesses. Users
gain an unparalleled level of control and feedback to fine-tune
predictive models for optimized business benefits. In addition to the
Scorecard module, Model Builder includes an optional Segmentation
ART(TM) (Adaptive Random Trees) module, which improves the quality of
predictions by automatically recognizing segments of the data
population that can benefit from specialized models.
The recently introduced version 3.5 of Fair Isaac's Model Builder
also offers the company's innovative Data Spiders(TM) technology as an
optional module. Data Spiders technology helps businesses extract
maximized value from their transaction data to build stronger
predictive models and make more precise decisions across their
enterprise applications.
About Linea S.p.A.
Linea S.p.A. is a finance company specialized in consumer credit.
Operating since 1988, it is an initiative of a group of Credit &
Savings Banks (Popolari Banks), managing more than 3B EUR of consumer
and revolving loans. In less than 10 years, it has achieved a wide
national presence thanks to 23 direct points, 2000 banks branches and
about 8000 partner dealers.
About Fair Isaac
Fair Isaac (NYSE:FIC) makes decisions smarter. The company's
solutions and technologies for Enterprise Decision Management give
businesses the power to automate more processes, and apply more
intelligence to every customer interaction. Through increasing the
precision, consistency and agility of their decisions, Fair Isaac
clients worldwide increase sales, build customer value, cut fraud
losses, manage credit risk, reduce operational costs, meet changing
compliance demands and enter new markets more profitably. Founded in
1956, Fair Isaac powers hundreds of billions of decisions per year in
financial services, insurance, telecommunications, retail, consumer
branded goods, healthcare and the public sector. Fair Isaac also helps
millions of individuals manage their credit health through the
www.myfico.com website. Visit Fair Isaac online at www.fairisaac.com.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements
contained in this press release that relate to Fair Isaac, including
statements regarding its Model Builder and Data Spiders product
offerings, and the benefits to be derived from these offerings, 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 any unforeseen technical difficulties related to the
implementation, use and functionality of the offerings, the risks that
customers will not perceive material benefits from the offerings,
failure of the products to deliver the expected results, the
possibility of errors or defects in the offerings, regulatory changes
applicable to the use of consumer credit and other data, and other
risks described from time to time in Fair Isaac's SEC reports,
including its Annual Report on Form 10-K for the year ended September
30, 2006, and quarterly report on Form 10-Q for the period ended
December 31, 2006. Forward-looking statements should be considered
with caution. If any of these risks or uncertainties materializes or
any of these assumptions proves incorrect, Fair Isaac's results could
differ materially from Fair Isaac's expectations in these statements.
Fair Isaac disclaims any intent or obligation to update these
forward-looking statements.
Fair Isaac, Segmentation ART and Data Spiders are trademarks or
registered trademarks of Fair Isaac Corporation, in the United States
and/or in other countries. Other product and company names herein may
be the trademarks of their respective owners.
