CENTER FOR ADAPTIVE SYSTEMS APPLICATIONS (CASA)

The 'Center for Adaptive Systems Applications (CASA)' was a company founded in 1995 by physicists ( Roger Jones, Robert Stellingwerf, Camilo Gomez, and Stephen Coggeshall) and a business developer (John Davies) from Los Alamos National Laboratory.^[1] The company was one of several companies that spun off from Los Alamos and the Santa Fe Institute that focused on banking, finance, and retail applications. CASA applied machine learning, adaptive computation, and other data mining techniques to the prediction of customer behavior. The first applications were in consumer banking, specifically the prediction of personal bankruptcy and credit card delinquency for Citibank. The product offerings and projects expanded into smart agriculture, retail products, and management consulting.
The company was acquired by HNC Software in March 2000 at the peak of the dotcom boom.^[2] HNC Software was subsequently acquired by Fair Isaac Corporation.^[3] Much of the technology developed at CASA became part of the credit scoring offerings of Fair Isaac.
Former CASA employees founded at least four lines of companies:

★ a series of companies that eventually became Qforma that specializes in black-box financial trading systems and pharmaceutical applications,

★ Strategic Analytics that has analytic products in consumer banking,

★ Stellingwerf Consulting that has analytic products in aerospace, energy, and defense,

★ a line of companies that provided analytics for business loans, eventually sold to S&P.

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References

1. News story at Los Alamos National Laboratory
2. News story at www.kdnuggets.com
3. Fair Isaac press release

See also

:Prediction Company
:BiosGroup
:David Weininger