Austin-based Infoglide Software Corporation, a leader in identity resolution and entity analytics solutions for government and commercial markets, has released a new version of its Identity Resolution Engine (IRE) software. The new version (3.3) is more user-friendly and features enhanced scalability to meet the “big data” needs of even the largest government and commercial clients.

Infoglide’s IRE software is used by insurance, banking, identity management and government organizations for fraud detection, compliance, anti-money laundering (AML) and identity screening. IRE searches disparate databases to discover possible matches and non-obvious social relationships. IRE has patented technology that finds matches and social connections between entities, even when errors exist or when criminals enter false data to deceive authorities.

IRE Version 3.3 addresses enterprise-level challenges by supplying the flexibility and performance necessary to manage a high volume of data and maximize efficiency. Additionally, IRE 3.3 features brand new, web-based client and administration user interfaces that are more customer- and partner-friendly. IRE 3.3 also offers new identity resolution technology that improves customers’ abilities to find, match and link identities across disparate data. “We are very excited to announce this release,” says Mike Betron, Vice President and General Manager of Social Identity Services. “This new software offers a more user-friendly platform and is better able to handle the large amounts of data that are common within bigger organizations.”

Capabilities of the new software version include:
• Improved Web-based Desktop and Administration Interfaces – IRE 3.3 features completely rewritten desktop and administration user interfaces
• New Matching Capabilities – IRE 3.3 includes an enhanced version of its unique, geo-locational matching algorithm that provides risk scores based on the geographic proximity of U.S. cities
• Improved Scalability – To meet customers’ data demands, IRE 3.3 is capable of searching, matching and linking identities across hundreds of millions of records – residing in disparate datasets – in real time.

For more information, contact Infoglide at sales@infoglide.com or (512) 532-3500.

About Infoglide:
Infoglide Software (www.infoglide.com) is a privately-held company headquartered in Austin, Texas, which supplies identity resolution solutions to government and commercial markets around the world. Infoglide’s software products help organizations search disparate databases, both internal and external, to discover hidden matches and non-obvious relationships between people, places and things. The patented technology has over 50 attribute-specific algorithms that account for data errors and intentional attempts to deceive. The company’s software is used by organizations in the insurance, banking and government sectors for fraud detection and analysis, regulatory and compliance issues and critical identity screening.

Infoglide Software Corporation announced today that Iowa Insurance Division’s Fraud Bureau has begun a full implementation of the company’s premier fraud detection and analysis technology, Identity Resolution Engine™ (IRE).

Infoglide’s IRE software is the recognized leader in identity matching and link analysis technology designed to help organizations detect and deter fraud. IRE uses patented federated search, intelligent data matching, social link discovery, and automated decisioning designed to increase the effectiveness of the Fraud Bureau’s programs.

The Fraud Bureau confronts the problem of insurance fraud through the prevention, investigation, and prosecution of fraudulent insurance acts in an effort to reduce the amount of premium dollars used to pay fraudulent claims.The Fraud Bureau receives approximately 500 fraud referrals from insurance companies, law enforcement agencies, and the public totaling approximately$8,000,000 in losses annually.

Douglas Wood, Senior VP at Infoglide says that Iowa Insurance Division’sFraud Bureau has always been at the forefront of advancements designed to better serve their constituents. “Infoglide is absolutely delighted to partner with the Fraud Bureau to deliver next-generation fraud detection capabilities for the state. This organization represents the best of the best in state-managed fraud bureaus, and we look forward to many years of partnering to take more fraudsters off Iowa streets.”

The implementation of Infoglide’s IRE is expected to be completed by the first quarter of 2013 and, according to Wood, the company expects more than twenty other states to adopt the technology shortly thereafter.

About Infoglide Software Corporation
Infoglide Software (http://www.infoglide.com) supplies identity resolution solutions to government and commercial markets around the world. Infoglide’s software products help organizations search disparate databases, both internal and external, to discover hidden matches and non-obvious relationships between people, places, and things. The patented technology has over 50 attribute-specific algorithms that account for data errors and intentional attempts to deceive. The product is used by organizations in the insurance, banking, and government sectors for fraud detection and analysis, regulatory and compliance issues, and critical identity screening.
Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.

Infoglide, located at booth #602, will have a drawing for a free Google Nexus 7 tablet. If you would like to schedule an appointment with an Infoglide Sales Representative, please contact us at sales@infoglide.com.

The conference is dedicated to helping financial crime specialists in the private and public sectors on crucial subjects that cover fraud, foreign corrupt payments, money laundering and their compliance, enforcement and international elements.

Infoglide, located at booth #409, will have a drawing for a free Google Nexus 7 tablet.

BusinessForensics addresses the need from financial institutions, Government Agencies and corporations to analyze big data to minimize risk and fraud and to achieve full insight and transparency by visualizing and analyzing large amounts of data. The BusinessForensics suite and services allow organizations to detect and prevent fraudulent transactions and monitor mission-critical operations and services by providing advanced information analysis, real-time monitoring, and profiling from both internal and external information sources.

Now, with the added functionality of Infoglide’s IRE, organizations can identify customers with greater precision during the due diligence process or the Know-Your-Customer (KYC) client on-boarding, and find connections between transactions, people, third parties and discrete fraud events that can reveal previously hidden risk. Combining these capabilities enables organizations to identify more complicated fraud patterns, criminal fraud rings, carrousels and networks of collusive participants that might otherwise appear disconnected from a fraud or compliance problems.

“BusinessForensics’ solutions have a huge impact in minimizing the cost of fraud across industries,” said Douglas Wood, senior vice president at Infoglide. “Combining Infoglide’s innovation with their incredible analytics brings powerful capabilities to a market that is inundated with fraud and compliance-related issues.”

Infoglide’s IRE combines a robust identity resolution capability that resolves common variations in spellings, nicknames, and other personal identification elements, with a sophisticated linking engine that weighs the relevance of multiple identity elements in order to determine the likelihood that individuals and events are related. A key differentiator for the Infoglide technology is the ability to analyze data in situ, without normalizing it and without requiring that it be moved into any proprietary database. This capability leaves the full power of the source data intact, strengthening the information value of the resulting analysis. As relationships exposed through the analysis can be quite complicated, Infoglide’s IRE also provides a clear, browser-based user-interface that allows a user to quickly visualize and understand the nature of the relationships between individual actors and events.

After careful research we have selected Infoglide’s IRE to enhance our product suite” says Frank Kurstjens, COO at BusinessForensics. “IRE’s capabilities are the best in the marketplace, and they have an impressive customer base to prove it.”

About Infoglide Software Corporation

Infoglide Software (www.infoglide.com) supplies identity resolution and entity analytics solutions to government and commercial markets. Infoglide’s flagship product, Identity Resolution Engine™ (IRE), searches disparate databases to discover possible matches and non-obvious relationships between people, places, and things. IRE has over 50 attribute-specific algorithms that are used to find matches and social links between entities despite errors in data and intentional attempts to deceive. The product is used by organizations in the insurance, banking, identity management, and government spaces for fraud detection, compliance, anti-money laundering (AML), and screening. Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.

About BusinessForensics

BusinessForensics (www.businessforensics.eu ) offers the next generation solution for fraud management and financial crime combining real-time detection, social network analysis and information intelligence to create smarter solutions for customers. A complete, new, integrated approach offers customers the flexibility and ease of use needed to implement solutions faster and future proof.

BusinessForensics offers data management, email discovery, advanced Social Network Analysis, real-time in-memory transaction profiling, cases management, timelines and much more in one integrated solution. The BusinessForensics suite is used by financial institutions and government agencies for risk- fraud and intelligence-related solutions.

The conference, which is the largest multi-industry AML forum in the world, is a venue for AML/CTF officers. The conference begins Monday March 19 through Wednesday March 21, at the The Westin Diplomat in Hollywood, FL.

Infoglide, located at booth #318, will have a drawing for a free Apple iPad.

Austin, TX, February 22, 2012 – Infoglide today announced I-BIRDS, or Inter-Bank Intelligent Risk Data Search. I-BIRDS is a community search solution that provides financial institutions with a secure, data-privacy-compliant, collaborative and automated means to search for and verify persons of interest that may exist within the banking community. This is the banking industry’s first ever community search solution for enterprise fraud management.

“Individuals and businesses involved in serious fraud and money laundering often spread the criminal activity across multiple financial institutions during a single campaign. Yet, while a number anti-fraud point solutions focus on detecting and preventing fraud on a department or company level basis, none have succeeded in providing a community-wide view of fraudulent entities. Until our I-BIRDS,” said Infoglide CEO, Mike Shultz. “We created I-BIRDS to help the community work together to find and link suspicious entities without violating privacy compliant policies.”

Infoglide is a Government Grade Security technology company that has been delivering identity resolution software solutions to federal and state governments and commercial organizations for over 15 years. It has now developed a community search solution for financial institutions, leveraging the power of privacy compliant data analyzed across many organizations to more effectively cull fraud risks. I-BIRDS enables financial institutions to query other organizations, across corporate firewalls, to seek out fuzzy matches of fraud risk, and return matches, all in a method that can conform to organizational and regulatory compliance policies. This is possible thanks to Infoglide’s unique ability to perform a search and match within each organization’s firewall, and only return a score representing the likelihood of a match and a reference number.

“Infoglide supports anonymous entity resolution, which is useful when you want to make inquiries about an individual, but data privacy laws get in the way of providing such information, for example between a bank in Switzerland and one in the United States,” said Philip Howard, Research Director, Bloor Research.

I-BIRDS features include:
• Privacy-Compliant Anonymous Query that enables banks to query other banks’ FRAML data without violating privacy policies or sharing data.

• Real-Time, Federated Community Search consolidates scored results into a single intuitive interface.
• Accurate and Sophisticated Matching with the I-Score Index resolves cultural and linguistic variations in the data such as aliases, phonetic errors and abbreviations.
• Reliable and proven technology that is already in use by the US Department of Homeland Security as well as other Fortune 500 banks, retailers and insurance companies. I-BIRDS was designed by experts in fighting fraud and AML with extensive experience in data privacy and security.

“Banks have been apprehensive over sharing databases because of the potential risk exposure from transferring confidential customer data. Infoglide’s I-BIRDS should allay this fear because no data is transferred, only a score of the likelihood of a match,” said Stephen Chamberlain, a senior associate at the Manhattan law firm Drohan Lee, as quoted in a January 31, 2012 Thomson Reuters article titled: “Data Mining Tool Can Assist Fraud and Money Laundering Compliance.”

“FRAML compliance officers already share information with other banks on potentially risky customers, counterparties and transactions,” said Richard Horowitz, a Manhattan lawyer who specializes in facilitating or vetting international financial transactions. “I-BIRDS enables financial institutions to better comply with section 314(b) of the Patriot Act by performing enhanced due diligence that would not be possible without this technology.”

Several financial organizations and government agencies – especially those focused on fraud management, anti money laundering and financial crimes enforcement – already work with Infoglide. These customers were the inspiration for the development of I-BIRDS, which will be delivered through a subscription service. Infoglide welcomes interested companies to discuss I-BIRDS implementation now, by contacting sales@infoglide.com.

About Infoglide Software Corporation
Infoglide (www.infoglide.com) supplies identity resolution and entity analytics solutions to government and commercial markets. Infoglide’s flagship product, Identity Resolution Engine™ (IRE), searches disparate databases to discover possible matches and non-obvious relationships between people, places and things. IRE has over 50 attribute-specific algorithms that are used to find matches and social links between entities despite errors in data and intentional attempts to deceive. The product is used by organizations in the insurance, banking, identity management and government spaces for fraud detection, compliance, anti-money laundering (AML) and screening. Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.

Now, fraud investigators can identify customers with greater precision, and use link analysis to find connections between transactions, people, third parties and discrete fraud events that can reveal previously hidden fraud schemes. The combined capabilities expand the view of the fraud investigator and enable the identification of more complicated fraud patterns, criminal fraud rings, and networks of collusive participants that might otherwise appear disconnected from a fraud problem.

The Infoglide Identity Resolution Engine combines a robust identity resolution capability that resolves common variations in spellings, nicknames, and other personal identification elements, with a sophisticated linking engine that weighs the relevance of multiple identity elements in order to determine the likelihood that individuals and events are related. A key differentiator for the Infoglide technology is the ability to analyze data in situ, without normalizing it and without requiring that it be moved into any proprietary database. This capability leaves the full power of the source data intact, strengthening the information value of the resulting analysis. As relationships exposed through the analysis can be quite complicated, Infoglide IRE also provides a clear, browser-based user-interface that allows the fraud investigator to quickly visualize and understand the nature of the relationships between individual actors and fraud events.

“Useful case management tools being added by fraud management technology vendors go beyond process and productivity enhancements to enable better investigation,” said Rodney Nelsestuen, senior research director at TowerGroup, a Corporate Executive Board company. “Leading vendors are also able to incorporate data from any source — including a variety and growing number of social networks — in real time, without having to go through lengthy and costly ETL processes. This ability to investigate at the front end of a fraud event can make an impact on reducing losses and establishing insight for fraud prevention.”

FICO will first focus on integrating these powerful capabilities with FICO Falcon Fraud Manager and FICO Insurance Fraud Manager, in order to enable the many users of these solutions to drive more effective fraud investigations and prevent the most complex fraud schemes, often involving multiple individuals and organizations.

“Fraud is becoming increasingly complex, with collusive networks and sophisticated fraud rings harming both credit grantors and their customers,” said Doug Clare, vice president for fraud management solutions at FICO. “Infoglide IRE software provides a unique combination of capabilities — identity resolution, complicated linking algorithms, and data visualization — that complement FICO’s high-performance detection analytics.”

“FICO solutions make an enormous difference in minimizing the cost of fraud across the banking and insurance industries,” said Douglas Wood, senior vice president for sales at Infoglide. “Combining Infoglide innovations with FICO fraud detection analytics brings powerful, new capabilities to users who are already preventing millions of dollars in losses every day.”

Built on a robust service-oriented architecture, FICO™ Falcon® Fraud Manager uses advanced analytic techniques that synthesize intelligence drawn from billions of payment card transactions and hundreds of person-years of experience to weigh key attributes and identify fraud with the utmost reliability — all in a fraction of a second. FICO Falcon Fraud Manager is the industry leader in card fraud detection, protecting more than 2 billion cards worldwide. FICO’s Insurance Fraud Manager utilizes complex unsupervised outlier modeling techniques to detect both known and unknown fraud, waste and abuse patterns in healthcare claims data, saving millions of dollars for healthcare payers.

About Infoglide Software Corporation

Infoglide (www.infoglide.com) supplies identity resolution and entity analytics solutions to government and commercial markets. Infoglide’s flagship product, Identity Resolution Engine™ (IRE), searches disparate databases to discover possible matches and non-obvious relationships between people, places, and things. IRE has over 50 attribute-specific algorithms that are used to find matches and social links between entities despite errors in data and intentional attempts to deceive. The product is used by organizations in the insurance, banking, identity management, and government spaces for fraud detection, compliance, anti-money laundering (AML), and screening. Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.

About FICO

FICO (NYSE: FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count™.

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business 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 the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year endedSeptember 30, 2010 and its last quarterly report on Form 10-Q for the period ended June 30, 2011. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO, Falcon and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.