FICO Wins Financial Crime Product of the Year in Risk Technology Awards

By AIT News Desk On Jul 20, 2020

With effective robotics, explainable AI and the latest machine learning, FICO takes the fight against money laundering to the next level

Global analytics and technology provider FICO has just won Financial Crime Product of the Year at this year’s Risk Technology Awards, held by Risk.net.

FICO has a strong heritage of delivering advanced financial crime and fraud analytic solutions that drive smarter decisions and impactful strategies for its customers. As a market-leading provider for more than 20 years, FICO has significant experience dealing with regulatory compliance and developed its solutions to cope with the evolving legislation globally. Its solutions help customers ensure full compliance with international regulations, lower operational costs, ensure highest security and availability and realise end-to-end anti-financial crime processes.

“As a one-stop supplier for anti-financial crime, we cover all compliance-related requirements in a truly integrated solution that breaks down financial crime risk management silos and provides the risk-based approach according to Financial Action Task Force out-of-the-box,” shared FICO’s chief marketing officer, Nikhil Behl. “Having the most widely used and recognized industry market leading AML, KYC and Sanctions Screening software in the world, we are committed to staying at the forefront of technological advances to create sustainable customer success and bringing to market the next generation of financial crime detection.”

“In the past year, we have enhanced our solutions with AI and Robotic Process Automation capabilities and recently launched a unified environment for the detection and investigation of both fraud and money laundering,” said Dr. Sebastian Hetzler, vice president of product management for financial crime compliance. “FICO Falcon X is a next-generation financial crime platform, built for the cloud that provides a single source for centralized fraud and financial crime strategies and a coordinated perspective of risk. I am pleased that these enhancements have been recognised in this award win – c************** to the entire team.”