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FICO and IMTF are entering into an exclusive agreement for relevant software and intellectual property. This enables IMTF to further develop and extend the Siron Suite and to support the applications and related SaaS offering globally. The transaction includes FICO transitioning all Siron-related customer relationships and commitments to IMTF. IMTF is also buying Fair Isaac Germany GmbH

FICO Transitions Siron Compliance Solutions to Partner IMTF

FICO (NYSE:FICO), a leading applied intelligence software company, has reached an agreement to transition its Siron ® compliance business to IMTF. IMTF, a global leader in regulatory technology and process automation for financial institutions, and a strategic partner in the Siron business for more than 20 years, will assume responsibility for the entire Siron anti-financial crime business worldwide

By AP News
Published - Nov 15, 2022, 08:38 AM ET
Last Updated - Jul 30, 2024, 03:37 AM EDT

BOZEMAN, Mont. & GIVISIEZ/FRIBOURG, Switzerland--(BUSINESS WIRE)--Nov 15, 2022--

FICO (NYSE:FICO), a leading applied intelligence software company, has reached an agreement to transition its Siron ® compliance business to IMTF. IMTF, a global leader in regulatory technology and process automation for financial institutions, and a strategic partner in the Siron business for more than 20 years, will assume responsibility for the entire Siron anti-financial crime business worldwide. FICO and IMTF are entering into an exclusive agreement for relevant software and intellectual property. This enables IMTF to further develop and extend the Siron Suite and to support the applications and related SaaS offering globally. The transaction includes FICO transitioning all Siron-related customer relationships and commitments to IMTF. IMTF is also buying Fair Isaac Germany GmbH.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221115005365/en/

Siron’s anti-financial crime solutions provide organizations with analytics-driven applications for end-to-end financial crime compliance. The Siron suite of products include AML (Anti Money Laundering), KYC (Know Your Customer), EMBARGO (sanctions) and TCR (Tax Compliance) with associated case management and reporting.

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