FICO Wins Banking Tech Award for Blockchain and AI Innovation
16 Décembre 2024 - 10:00AM
Business Wire
FICO’s use of blockchain for AI model
governance wins Tech of the Future: Blockchain and Tokenisation
award
At the Banking Tech Awards in London, global analytics software
leader FICO won the Tech of the Future – Blockchain and
Tokenisation award for its innovative work using blockchain
technology for AI model governance. FICO’s use of blockchain to
advance responsible AI is the first time blockchain has been used
to track end-to-end provenance of a machine learning model, to meet
responsible AI and regulatory requirements.
More information:
https://www.fico.com/blogs/how-use-blockchain-build-responsible-ai-award-winning-approach-0
FICO’s AI Innovation and Development team has developed and
patented an immutable blockchain ledger that tracks end-to-end
provenance of the development, operationalisation and monitoring of
machine learning models. The technology enforces the use of a
corporate-wide responsible AI model development standard by
organisations, and demonstrates adherence to the standard with
specific requirements, people, results, testing, approvals and
revisions. In addition to the Banking Tech award, Global Finance
recognized FICO’s blockchain for AI technology with a The
Innovators award last year.
“The rapid growth of AI use has made Responsible AI an
imperative,” commented Dr. Scott Zoldi, chief analytics officer
at FICO. “FICO is focused on technologies that ensure AI is
used in an ethical way, and governance is absolutely critical. We
are proud to receive another award for our groundbreaking work in
this area.”
FICO is well-known as a leader in AI for financial services. Its
FICO® Falcon® Fraud Manager solution, launched in 1992, was the
first fraud solution to use neural networks, and today manages some
4 billion payment cards worldwide. FICO has built advanced
analytics capabilities into FICO® Platform, an applied intelligence
platform for building decision management solutions.
See the full list of Banking Tech Award winners for 2024:
https://informaconnect.com/banking-tech-awards/2024-winners/
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956, the company
is a pioneer in the use of predictive analytics and data science to
improve operational decisions. FICO holds more than 200 US and
foreign patents on technologies that increase profitability,
customer satisfaction and growth for businesses in financial
services, insurance, telecommunications, health care, retail and
many other industries. Using FICO solutions, businesses in more
than 80 countries do everything from protecting 4 billion payment
cards from fraud, to improving financial inclusion, to increasing
supply chain resiliency. The FICO® Score, used by 90% of top US
lenders, is the standard measure of consumer credit risk in the US
and has been made available in over 40 other countries, improving
risk management, credit access and transparency. Learn more at
www.fico.com.
FICO and Falcon are registered trademarks of Fair Isaac
Corporation in the U.S. and other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20241216258755/en/
For further press information please contact:
FICO UK PR Team Wendy Harrison/Parm Heer
ficoteam@harrisonsadler.com 0208 977 9132
Fair Isaac (NYSE:FICO)
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