Eight new patents for FICO

Analytic software firm FICO said it was awarded eight new patents related to its “decision management platform, fraud detection and other areas.”

Three of the new patents relate to technologies developed for the FICO Decision Management Suite, FICO’s integrated platform for developing and managing decision-making applications.

“We are aggressively innovating to create the world’s first true end-to-end analytically powered decisioning platform,” said Stuart Wells, FICO’s chief product and technology officer.

“The breakthroughs we make here will not only help our customers build smart applications faster, they will help us develop the next generations of solutions for fraud detection, risk management, supply chain optimization and more.”