Analytics & Optimization VIDEO: Operationalizing Analytics, Part 1

operationalize analytics

5 Best Practices for Connecting Data and Analytics to Business Process The need for competitive advantage sees companies increasingly turning to analytics to operationalize their data. Leveraging analytics from insight to artificial intelligence (AI), business leaders can make sense of their rapidly-growing piles of data to improve operations. Benjamin Baer shares 5 best practices for using advanced analytics to create a measurable business impact.    

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Risk & Compliance Credit Boot Camp: Education for Scoring & Data Driven Decisions

Credit Boot Camp

FICO World is always a fantastic opportunity for customers to connect with FICO experts, industry thought-leaders and peers to discuss all things FICO and key trends in the industry. Before the official kick-off of the conference, FICO offers a day-long session, “Credit Boot Camp” which covers the basics of scoring and decision-making across all stages of the credit lifecycle. The bootcamp this year attracted a bumper crowd of attendees, most who are either new to scoring or credit management or are just looking for a refresher on some fundamental topics.  Our FICO experts shared their knowledge and expertise starting with an overview of the credit customer lifecycle and the basics of the FICO® Score.  We discussed topics such as: How are FICO Scores developed? What is the FICO Score comprised of? How are FICO Score reason codes determined, and what do they really mean? The Boot Camp also went through key topics in... [Read More]

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Risk & Compliance Accelerating and Automating Small Business Lending

Accelerating and automating small business lending

Loans issued in days rather than weeks while bad debts reduced to 3 percent of loan book Malaysia’s Credit Guarantee Corporation (CGC), a government and commercial enterprise joint venture, has used FICO’s decision management technology to improve its ability to judge the creditworthiness of small businesses so it can provide them with loans. This direct lending is an expansion of CGC’s usual role of providing loan guarantees to businesses, many of which lack the collateral and track record to obtain regular financing. Since its deployment of FICO® Blaze Advisor® decision rules management system and custom analytic models in August 2016, CGC has reduced non-performing loans to just 3 percent of the loan book and has had only one default. For its achievements, CGC has won the 2017 FICO Decisions Award for Decision Management Innovation. The winners of the FICO Decisions Awards were spotlighted at FICO World 2018, the Decisions Conference, April 16-19... [Read More]

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Analytics & Optimization DMS on AWS as a FICO Managed Service

DMS in the Cloud

Over the last year FICO has been actively engaged with Amazon Web Services to broaden its software portfolio deployment options to include the AWS public cloud.  We have seen significant progress as we have rolled out support for FICO® Customer Communication Service (CCS), and FICO® Tonbeller AML solutions on AWS. Both solutions achieved Amazon Web Services (AWS) Financial Services Competency status. FICO DMS Is Now Available as a FICO Managed Service on Amazon Web Services Recently, we achieved a few significant milestones for the FICO Decision Management Suite (DMS or DM Suite). The DM Suite is now available as a FICO managed service on AWS. In addition, it is now compliant with the Well Architected Review (WAR) framework. Lastly, it is now available as a fully Payment Card Industry (PCI) security compliant implementation.  We are very pleased with how smoothly and quickly these milestones were achieved for a solution as... [Read More]

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