Model Management

Better understand risk and streamline compliance with centralized model governance and analytics

Overview

Analytic models are the heart of a financial institution’s decision making process. To manage the often disconnected array of ungoverned models, organizations need a technology solution that helps construct and enforce standardized processes for how all models are developed, and how they evolve over time. The solution must also automatically monitor model performance, issuing alerts when models degrade. With complete visibility into the lifecycle of every model throughout the enterprise, risk managers can more accurately manage these models and provide the necessary information for regulatory compliance.

FICO® Decision Central™ provides consistent, end-to-end governance for your models and ensures you know the status of all of your models at all times. Workflow management features provide an audit trail for the development and management of models, enabling easier compliance. Performance monitoring ensures model efficacy, enabling you to have your best models in production and make consistently better decisions.

Solution Architecture

FICO® Decision Management Platform

The FICO® Decision Management Platform is an integrated and scalable platform that aggregates and manages large amounts of distributed and varied data and connects it to your analytics, providing insight for your decisions. The unified processing platform supports multiple execution engines, including batch and real-time, and enables you to make decisions that are instantly executable, easily scalable, and seamlessly upgradeable. 

It is a component of the FICO® Decision Management Suite, a complete solution that provides a cost-effective, easy way to build and manage state-of-the-art analytics and decision management solutions.

Customers

Available Products

Fair Isaac Advisors Current State Assessment

Product overview

A brief but intensive consulting engagement tailored to your unique requirements. Conducted by consultants with 'real world' experience in risk management, operational and regulatory issues the Current State Assessment provides you with a comprehensive on-site review of processes, data, analysis and reporting capabilities to ensure you have the knowledge and techniques to make the best possible decisions. A personalized roadmap of prioritized actions that includes quick-win strategies will allow you to venture beyond risk mitigation and build a competitive advantage. 

FICO® Decision Central™

Product overview

A brief but intensive consulting engagement tailored to your unique requirements. Conducted by consultants with 'real world' experience in risk management, operational and regulatory issues the Current State Assessment provides you with a comprehensive on-site review of processes, data, analysis and reporting capabilities to ensure you have the knowledge and techniques to make the best possible decisions. A personalized roadmap of prioritized actions that includes quick-win strategies will allow you to venture beyond risk mitigation and build a competitive advantage. 

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Tarjetas Cencosud accelerates scorecard delivery by 400%, improves financial visibility

Client: Tarjetas Cencosud

Challenge: Better visibility into consumers' credit health, ability to adapt quickly to changes in consumer behavior and a volatile credit marketplace. 

Solution: FICO® Model CentralTM

Results: Time-to-value for developing and deploying new predictive scoring models improved by 400%; increased precision in the company's short- and long-term financial projections and risk management strategies.