Fair, Isaac Announces Version 2.0 Of Model Builder For Decision Trees; Enhanced Business Science Software Tool Helps Businesses Build, Automate and Improve Strategies

SAN RAFAEL, Calif., Feb. 3, 2003 -- Fair, Isaac and Company, Incorporated (NYSE:FIC), the global leader in analytics and decision technology, today announced release 2.0 of Fair, Isaac Model Builder for Decision Trees. Retooled with an array of new features, Model Builder 2.0 provides a new level of support for building, automating and improving business decisions and action strategies across an enterprise.

Model Builder, a part of the Fair, Isaac Business Science(TM) suite of powerful decision management tools, is a highly flexible tool for using data to visualize and design better business strategies. It analyzes historical customer data and business results, applying discovered relationships and patterns to new business transactions. The models that are developed through data analysis can be used to understand historical data and predict future customer behavior. Business analysts can refine the derived models using their expert judgment to override or adjust statistical recommendations.

Fair, Isaac Model Builder for Decision Trees 2.0 represents a major advancement in the development of CART-based (Classification And Regression Tree) software. The new version enhances tree management and evaluation capabilities by adding new strategy comparison and data visualization capabilities. Version 2.0 also offers easy integration with existing strategy execution environments and provides analysts with more flexibility to develop strategies that model the real world.

"An organization's success depends on the business decisions made every day in a wide range of operations," said Frederica Yang, director of market management at Fair, Isaac. "Model Builder for Decision Trees 2.0 delivers Fair, Isaac's unique modeling science experience in a software tool that can be easily implemented and utilized by clients. It provides a highly transparent, structured environment that helps them quickly develop and deploy predictive models that automate and improve their most critical business decisions."

Technical enhancements in Model Builder for Decision Trees 2.0 include:

-- Strategy comparison that enables analysts to easily compare and contrast two strategies or decision trees. Comparison tools clearly show differences in outcomes between different models, allowing companies to select strategies that best suit their business goals.

-- Improved "split" management that supports segmentation of data populations according to user-selected performance measures such as credit risk, revenue, or attrition. Segmentation variables can be formed from complex expressions and calculations in addition to existing data points. Segmentation trees can display multi-level splits in a compact and easy to follow format, mirroring real-world business scenarios.

-- Improved performance variable displays which provide users with valuable information through a wider range of profiling and graphing options, including histograms, boxplots, scatterplots, Q-Q plots and index plots. These visual profiles provide an overview of the effect of a chosen strategy on an entire portfolio, giving model developers a high-level view of what results can be expected from a given approach.

-- Improved data management that enables users to start designing decision trees even when sample data is incomplete or unavailable. Explicitly defined strategies can be populated with data at a later time and refined based on the results. Improved ability to work with dates in datasets has also been added in release 2.0.

-- Seamless integration with Fair, Isaac solutions or clients' existing systems. Strategies can be directly exported to Fair, Isaac Blaze Decision System(TM) software as well as TRIAD(TM) adaptive control system, versions 6 and 7, or can be saved as XML, SQL code, TSYS and FDR tables. This capability gives companies the opportunity to blend strategic development with production implementation for fastest response to changing business factors.

-- Usability enhancements such as extended printing support and improved project management. Model Builder users are now able to recover temporarily deleted items and produce hardcopy records of the many online analysis tools included in the software.

Fair, Isaac Model Builder for Decision Trees is a software offering within the Fair, Isaac Business Science suite of enterprise decision management tools, a complete set of software tools that allow organizations to develop and deploy solutions incorporating critical decision strategies. Fair, Isaac supports customer applications with a combination of software products and professional services concentrating on analyzing, modeling, and implementing business strategies in automated systems. Release 2.0 of Model Builder for Decision Trees is available immediately.

The company will host a free Web seminar to introduce Model Builder for Decision Trees and its new features on Tuesday, February 18, at 10:30 a.m. Pacific Time / 1:30 p.m. Eastern Time. For more information about the Web seminar, or to register online, visit the company's Web site at www.fairisaac.com/edm.

About Fair, Isaac

Fair, Isaac and Company, Incorporated (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power more than 25 billion mission-critical customer decisions a year. Founded in 1956, Fair, Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair, Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies.

Through the www.myfico.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. As of August 5, 2002, the business of HNC Software Inc., a leading provider of high-end analytic and decision management software, is part of Fair, Isaac. For more information, visit www.fairisaac.com.

Forward-Looking Statements

Except for historical information contained herein, the statements contained in this press release that relate to Fair, Isaac, including statements regarding its Model Builder for Decision Trees 2.0 product offering, the benefits to be derived from this offering, and projected sales of this offering, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation use and functionality of the offering, market acceptance of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, competition, regulatory changes applicable to the use of consumer credit and other data, a lengthy sales cycle for our products, and other risks described from time to time in Fair, Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2002, and Form 10-Q for the period ended June 30, 2002. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair, Isaac's results could differ materially from Fair, Isaac's expectations in these statements. Fair, Isaac disclaims any intent or obligation to update these forward-looking statements. Fair, Isaac, Fair, Isaac Blaze Decision System, Fair, Isaac Business Science, FICO and HNC are trademarks or registered trademarks of Fair, Isaac and Company, Incorporated, in the United States and/or in other countries. Other product and company names herein may be trademarks of their respective owners.


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