Fair Isaac Corporation
), a premier provider of predictive analytics and
decision-management solutions, recently launched a software
solution for real-time detection of fraud, money laundering and
other forms of organized crime. Titled FICO Identity Resolution
Engine 3.6, the software is an updated version of the technology
acquired by the company when it bought identity resolution
services provider, Infoglide Software Corporation in April 2013.
With sophisticated crime spreading its tentacles into the
financial sector, FICO Identity Resolution Engine adds a critical
element in solving organized crime. It helps to uncover the true
identities of people or activities via link analysis. Link
analysis evaluates widespread company and third-party data as
well as personal attributes, revealing relationships between
suspicious persons and events that might have gone undetected.
The updated software integrates entity resolution with social
network analytics, enabling government agencies, banks and
insurance companies to improve their screening process and detect
non-obvious relationships. It analyzes disparate data without
normalizing it. Additionally, Fair Isaac's library of pre-built
network analytics ensures that the data does not have to be moved
to any proprietary database.
This process has many potential implications in cyber security,
including detection of insider fraud, exposing criminal rings and
money laundering schemes, and even uncovering terrorist networks.
The software finds an apt application in insurance claims and
banking frauds, where it can discern hidden patterns and common
aspects in multiple crimes, thus exposing criminal masterminds.
Per a major U.S. insurer, integrating social network analysis
detected 15-20% more fraudulent claims than using predictive
FICO Identity Resolution Engine 3.6 software offers a unique
blend of capabilities - identity resolution, high-performance
detection analytics, complicated linking algorithms, and data
visualization. It is compatible with Fair Isaac's existing
applications such as FICO Falcon Fraud Platform, FICO Application
Fraud Manager and FICO Insurance Fraud Manager and is a popular
With operations in over 90 countries, Fair Isaac helps
organizations in superior strategic decision-making processes
that drive higher levels of growth, profitability and customer
satisfaction. Its analytics software and tools are used across
multiple industries to manage risk, fight fraud, enhance security
and optimize operations.
Fair Isaac currently holds a Zacks Rank #3 (Hold). Other stocks
in the industry that look promising include
Luxoft Holding, Inc.
). While Luxoft sports a Zacks Rank #1 (Strong Buy), Kofax and
CDW carry a Zacks Rank #2 (Buy) each.
CDW CORP (CDW): Free Stock Analysis Report
FAIR ISAAC INC (FICO): Free Stock Analysis
KOFAX LTD (KFX): Get Free Report
LUXOFT HOLDING (LXFT): Free Stock Analysis
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