Published by Gbaf News
Posted on January 24, 2015
2 min readLast updated: January 22, 2026
FICO (NYSE: FICO), the predictive analytics and decision management software company announced that it has been awarded four new patents related to fraud detection and advanced analytics. FICO now holds 170 US and foreign patents, and has 93 pending patent applications.
Members of FICO’s fraud analytics team patented a network assurance analytic system that monitors telecommunications networks with real-time, streaming, self-calibrating analytic models. FICO uses this technology to determine abnormality in network traffic, and the invention is also incorporated in the company’s work in cyber security.
Andrew Jennings
FICO also patented a technology for “fuzzy tagging,” which involves a method for tagging a transaction for fraud risk. Rather than tagging each transaction as a binary fraud or non-fraud, the technology uses a spectrum of continuous values to tag transactions, effectively weighting them by their correspondence with fraud across the entire FICO Fraud Consortium. This technique is used in the FICO® Falcon® Platform as well as in custom modelling projects to help improve fraud detection, reduce false positives and improve the customer experience.
In terms of marketing solutions, FICO patented a “product space browser,” a graphical user interface that helps retailers discover the relationships between a customer’s purchases and their needs. The invention allows retailers to turn masses of purchase transaction data into visual maps that show product affinities and purchase patterns by customer and across customers. This facilitates the discovery of new insights, even for retailers with millions of customers and hundreds of thousands of products. The technology is one of the innovations that led to FICO® Analytic Offer Manager, FICO’s groundbreaking solution for highly personalised marketing.
FICO’s fourth new patent is for real-time determination of data stream semantics. This innovation analyses large amounts of information in real time to categorise the information into clusters of semantic similarity without knowing the contents of the data or having a prior example of the data structure. This invention can be useful in many applications where new datasets are received that must be classified instantly.
“FICO has been pioneering new approaches to analytics and decision management for nearly 60 years,” said Dr. Andrew Jennings, chief analytics officer and head of FICO Labs. “These inventions demonstrate the outstanding work being done by our team of data scientists as they work with FICO clients to solve emerging problems.”
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