FICO® Predictive Analytics
Fair Isaac® Predictive Analytics
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FICO® Predictive Analytics

FICO® Predictive Analytics are custom models that sharpen decisions by providing superior forecasts of future customer behavior. Improve results throughout the customer lifecycle by zeroing in on customer risk or potential.
Key Benefits
  • Improve profitability
    More sophisticated predictive models can help you make more targeted and effective decisions in originations and underwriting, customer management, fraud, collections, marketing and other areas. Even marginal lifts in prediction accuracy can produce large gains for a portfolio.
  • Build your analytic expertise
    Custom predictive models add value even if you are already using pooled models or credit bureau scores. Because they are built for your business problem, and often on your own data, custom analytics give you a different view of each customer, applicant or prospect.
  • Accelerate model implementation
    FICO's model development process is designed to give you a quick deployment in your Decision Management application or business rules management system.
  • Ensure regulatory compliance
    Better risk modeling is part of the improvements in risk management required for both national and international regulations, including Basel II. FICO brings your modeling project deep expertise in legal restrictions on data use and requirements for safe and sound risk management practices.
Feature Highlights
  • Comprehensive modeling methodology 
    FICO's modeling methodology, refined over 50 years of delivering powerful predictive models, includes project design, data analysis, segmentation analysis, model development, weights engineering and documentation.
  • Performance inference 
    FICO has developed robust methods for inferring the performance of accounts without observed performance, such as the performance of consumers who applied for credit or services but were rejected. This is extremely important for the predictive models that are designed to improve all origination decisions.
  • Interactive weights engineering
    Our custom modeling engagements include live meetings where you review how the models treat each piece of information, what the results would be, and work with us to tailor the models to your strategic goals and operating environment.
  • Innovative modeling techniques
    Unlike many one-technology boutique shops, our analytic scientists give your project the benefit of a full spectrum of analytic technologies, including proprietary techniques developed in our research labs.
  • Unmatched modeling expertise
    Our analytic centers of excellence, our research department and our delivery teams provide an unparalleled knowledge of modeling techniques, and how to apply them to deliver outstanding results.
  • Flexible modeling options 
    FICO offers a variety of options, from full custom developments based on your data to "expert" models based on our analysts' domain expertise. Whatever your needs, we can deliver the right model for you.
  • Analytic support services
    We offer a wide range of services to increase your success with analytics, from scoring workshops, empirical validations and performance tracking support to full analytic health checks, partnerships and roadmap development.
Versions
  • FICO® Custom Models
    FICO's Custom Models are highly customized empirical models built using statistical methods on your actual performance data. They provide the most powerful predictive performance when sufficient data history is available. Clients using FICO Custom Models have achieved significant quantitative payback, including 20% to 30% increases in approvals and 15% to 30% reductions in bad debt.

    Product Sheet
    FICO® Custom Models (PDF)
  • FICO® Expert Models
    For clients who don't have sufficient data for an empirical model, such as when new to scoring or entering a new market, Expert Models are an excellent means for reaping the benefits of predictive modeling. Expert Models are also a great way to get started quickly with models as they can be developed much faster than empirical models. FICO® Expert Models are statistically derived from Fair Isaac's industry experience combined with your knowledge of your unique business environment.

    Product Sheet
    FICO® Expert Models (PDF)
  • FICO® Predictive Analytics for Insurance 
    FICO develops client-specific predictive models for both personal lines and commercial insurance, and for underwriting and claims fraud detection. These models give insurers an analytic advantage by providing more precise assessments of risk, helping them automate more underwriting decisions, and demonstrate to reunsirers the ability to consistently and accurately rate their book of business.

    Product Sheet
    Predictive Models for Insurance Claims Fraud Detection

Connect

Speak with a FICO representative about our solutions and your business needs by calling us:

US (toll free): +1 888 342 6336
International: +44 (0) 207 940 8718

Or email us using the form on this page. We look forward to speaking with you.
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