Mitsubishi UFJ Trust & Banking Corp has reduced its stake in Fair Isaac Corporation (FICO). The credit score provider broadens its client base with a robust portfolio, in spite of calls from Hawley for the DOJ to investigate alleged anti-competitive practices. A survey by FICO has shown that 33% of Malaysians reject credit and bank applications as of complex ID checks. The average FICO credit score dropped in the U.S., and FICO has renounced monopoly claims reiterating availability of other options alongside them. After releasing reports on Q1 and Q2 2024 earnings, FICO saw increased purchases by Mitsubishi UFJ Asset Management and other entities. Their success is contributed to a solid portfolio and expanding clientele, though some question the company's valuation. Scrutiny is also mounting on FICO for alleged anti-competitive behaviour in the credit scoring market. Despite this, their Q4 2023 earnings exceeded expectations, and they have launched a new stock repurchase program. FICO also granted ten new patents to improve enterprise decision-making processes. The company's credit score business has proven highly profitable, all while continuously introducing new enhancements to its platform. Concerns remain over recent FICO changes that could negatively affect credit scores.
Fair Isaac Corporation FICO News Analytics from Sat, 25 Mar 2017 11:48:47 GMT to Sun, 21 Jul 2024 17:41:26 GMT -
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