It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. We speak to Andy Procter, FICO’s own fraud specialist about how to fight identity-based application fraud,[Read More]
How should consumers protect themselves and monitor any changes to their credit after a natural disaster? Read the article from Tom Quinn of myFICO.com.[Read More]
Cosmos Bank recently had $13.5 million siphoned off by hackers linked to the Lazarus Group in North Korea. These attacks emphasize the need for layered fraud defences and controls that effectively mitigate such risks.[Read More]
It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. We speak to Andy Procter, FICO’s own fraud specialist about how to fight identity fraud,
In the wake of a natural disaster such as Hurricane Florence, people worry about how to put their life back together. One of the concerns is how to handle finances and mitigate issues with things like mortgages, credit cards, and other loans. How should people protect themselves and monitor any changes to their credit after a natural disaster? Tom Quinn, vice president of Business Development for myFICO offers some insight on what consumers should consider when they have to deal with their finances after a natural disaster. Check out his piece on the myFICO blog.
Cosmos Bank recently had $13.5 million siphoned off by hackers linked to the Lazarus Group in North Korea. These attacks emphasize the need for layered fraud defences and controls that effectively mitigate such risks.
In a previous blog post, Ben Werner wrote about the report FICO helped coordinate with the National Automotive Finance (NAF) Association for the non-prime auto financing market. The report serves as a key source of benchmarking for those who participate in or support non-prime automotive financing. Below is an infographic which provides a more visual representation of the findings.
How to Make Artificial Intelligence Explainable – A New Analytic Workbench FICO today announced the latest version of FICO® Analytics Workbench™, a cloud-based advanced analytics development environment that empowers business users and data scientists with sophisticated, yet easy-to-use, data exploration, visual data wrangling, decision strategy design and machine learning. As new data privacy regulations shine a spotlight on AI and machine learning, the FICO Analytics Workbench xAI Toolkit helps data scientists better understand the machine learning models behind AI-derived decisions. “As businesses depend on machine learning models more and more, explanation is critical, particularly in the way that AI-derived decisions impact consumers,” said Jari Koister, vice president of product management at FICO. “Leveraging our more than 60 years of experience in analytics and more than 100 patents filed in machine learning, we are excited at opening up the machine learning black box and making AI explainable. With Analytics Workbench, our customers... [Read More]
I was interviewed recently for a new TV program called Tomorrow’s World Today, where I discussed how we are using AI and machine learning for financial crime protection.
Because corporate credit cards have different business-oriented spending patterns than consumer credit cards, we tackled the corporate card fraud detection problem with FICO’s collaborative profiling technology.
FICO’s chief analytics officer, Dr. Scott Zoldi, has been named one of the top 100 innovators in data and analytics by Corinium.
A new special report from Raconteur, published in today's edition of The Times in London, calls out the growing trend of convergence of fraud and compliance.
At FICO World 2018, I sat down with Chess Grandmaster Garry Kasparov to discuss the hot topics in the world of AI, and asked: Should we be afraid of artificial intelligence?