Published on: Wednesday, 29 January 2025 ● 3 Min Read
BOZEMAN, Mont.--(BUSINESS WIRE)--Global analytics software leader FICO (NYSE:FICO), was recognized as a software category winner in the 2025 BIG Innovation Awards, for its innovative use of blockchain technology to advance responsible artificial intelligence (AI) and help ensure AI model governance.
“FICO’s pioneering use of blockchain-powered AI is a game-changer in the world of decision-making and model governance,” said Russ Fordyce, CEO of the Business Intelligence Group. “We’re proud to spotlight FICO for leading the charge in creating responsible, transparent AI systems that not only enhance business operations but also set a new standard for trust and accountability in the industry.”
The innovative use of blockchain technology by FICO allows for the tracking of machine learning models across its entire lifecycle, from development to deployment, helping to ensure full accountability and transparency. This use of blockchain technology is the first of its kind to track the end-to-end provenance of AI models, meeting responsible AI standards and regulatory requirements while reinforcing trust and compliance across various industries.
More information: https://www.fico.com/blogs/how-use-blockchain-build-responsible-ai-award-winning-approach
"We are very proud that FICO has been recognized with the Business Intelligence Group’s 2025 Innovation Award," said Dr. Scott Zoldi, chief analytics officer at FICO. "This recognition highlights the groundbreaking work we’ve done to integrate blockchain technology into AI model governance. Our blockchain-driven AI governance represents a significant leap forward in ensuring AI decisions are not only effective but also transparent and ethical. It empowers organizations to make more responsible and compliant AI-driven decisions, ultimately driving measurable business impact and reinforcing trust in AI systems."
The 2025 BIG Innovation Awards celebrate organizations and individuals pushing boundaries and advancing their industries. Winners are evaluated by a panel of seasoned business leaders and executives who consider creativity, measurable results, and overall impact in their selections. This year, the Business Intelligence Group recognized 40 companies and 77 products as 2025 winners, with organizations from around the world submitting their recent innovations for consideration.
For more information about the BIG Innovation Awards and to see the full list of 2025 winners, visit: https://www.bintelligence.com/posts/innovation-unleashed-meet-the-visionaries-and-game-changers-of-the-2025-big-innovation-awards
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization's proprietary and unique scoring system selectively measures performance across multiple business domains and rewards those companies whose achievements stand above those of their peers.
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 four 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 https://www.fico.com/en.
Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/.
For FICO news and media resources, visit https://www.fico.com/en/newsroom.
FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
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