Overview

The FICO® Decision Management Suite provides an easy way for customers to evaluate, customize, deploy and scale state of-the-art analytics and decision management solutions. It allows them to quickly integrate FICO and FICO partner decision management tools and components with their own components, helping organizations of all sizes realize the promise of advanced analytics and decision management via cost-effective, scalable cloud and on-premises solutions. Decision management solutions are software services that expose predictive models, optimization models and decision rules to business processes for the purpose of automating business decisions. This white paper will explore three capabilities in Decision Management Suite and look at an insurance solution based on a real FICO customer.

Overview

The second Payment Services Directive, better known as PSD2, is set to change the payments landscape, and Payment Service Providers (PSPs) will have to change with it. Those that implement PSD2 well are likely to retain existing customers and attract new ones.

In this white paper, we focus on the changes that will affect the fraud operations of PSPs, such as retail banks and card issuers. And we take a look at the role machine learning can play in helping them make the most of their adoption of PSD2 standards.

Overview

European politicians have not failed to notice that levels of fraud have been increasing despite industry initiatives to stop its growth. The second Payment Services Directive (PSD2) comes into force in January 2018 and places the accountability firmly on Payment Service Providers (PSPs) for unauthorised or fraudulent payments, especially online. PSPs are now obliged to confirm their customer’s identity robustly, both when paying and managing their accounts. But these measures threaten to put barriers in the way of the frictionless journey that customers want. How can PSPs balance ease of use with security?

Overview

Like many aspects of our lives, technology is providing consumers with more options when it comes to making financial transactions. From relatively new interactions, such as mobile commerce and peerto- peer payment apps, to near real-time payment windows, the changes are rapid and expansive. Consumers want immediate payment processing whenever and however they choose to transact. They want a banking relationship that’s 100% convenient and 100% secure, and modern financial institutions are doing their best to accommodate these market demands. But there are gaps.

Overview

Every year, Vantiv processes more than 17 billion payment transactions for nearly a half-million retail merchants in the United States. Vantiv needed a way to speed up its largely manual merchant onboarding process, which could take up to nine days. They chose a solution powered by FICO® Decision Management Suite to cut merchant onboarding from days to minutes, which helps facilitate the company’s rapid growth and opens up new possibilities for partnerships with independent sales organizations and merchant banks.

Overview

Streamline your merchant onboarding process and strengthen risk management with a single, extensible platform

FICO® Merchant Onboarding Solution streamlines traditionally cumbersome business processes and sharpens compliance, fraud and credit risk evaluations with cutting- edge analytics and decisioning capabilities. Acquirers are empowered to design workflows—seamlessly weaving together automated and manual processes—to reduce onboarding times from days to minutes. Intelligent, easy-to-use dashboards and KPIs provide business and regulatory insights that facilitate exploring what-if scenarios and impact testing.

Overview

FICO® Centralized Decision Service provides a clear, explainable view of your decision strategies across your enterprise and processors to enable consistent and profitable customer treatments. It applies risk analytics, strategy improvement, automation and other streamlined capabilities to help you make better, faster decisions. Intelligent, easy to use dashboards and KPIs provide business and regulatory insights that facilitate exploring what-if scenarios and impact testing.

FICO Centralized Decision Service reduces the friction on your IT department by empowering business users to update decision rules and other system parameters in real time. Its cloud-based, open platform allows you to rapidly incorporate business or technology changes when you need them, so your decision systems are always aligned. Ultimately, it arms your experts with the tools they need to apply real-time insights to specific business challenges, so you can always stay ahead of the competition.

Overview

Client: Home Credit Group, an international consumer finance provider with operations in 11 countries

Challenge: Develop a more agile approach to decision-making to enable radical but sustainable growth.

Solution: FICO® Decision Management Suite

Results: In addition to improved operational performance, reduced costs and increased profits, Home Credit Group has created a centralized decision engine that accelerates its ability to branch out into high growth markets quickly in order to massively diversify its scope of business.

Overview

Client: African Bank

Challenge: Overhaul its decision system across the credit lifecycle to add transparency and collaboration, as well as operational efficiency and profitability.

Solution: FICO® Blaze Advisor® decision rules management system, Decision Implementation Accelerator

Results: After a rapid strategy and implementation cycle, African Bank was able to transform its decision system to launch strategies 30% faster and at 25% lower cost. The new system can be applied across the entire credit lifecycle and the team can now make changes in two days instead of two months, with full confidence in its security features.

Overview

Every year, Vantiv processes more than 17 billion payment transactions for nearly a half-million retail merchants in the United States. Because there is a contingent risk involved in taking on a new merchant, Vantiv sought to ensure that it minimizes that risk and makes appropriate pricing offers. Specifically, they needed a way to speed up its merchant onboarding process, which was being done manually and could take up to nine days. They chose FICO Merchant Acquiring Solutions, powered by FICO® Decision Management Suite. As a result, Vantiv has cut merchant onboarding from days to minutes, which helps facilitate the company’s rapid growth and opens up new possibilities for partnerships with independent sales organizations and merchant banks.