Overview

In this whitepaper, we will discuss the various elements of BRMS software — what the software is intended for and how to choose the right system for specific projects.

Overview

When structuring a cyber insurance policy, an underwriter must understand two types of risk: the direct risk posed by the prospective policy holder’s own
actions and strategies, and the indirect risk posed by the external dependencies and fourth-party vendors of the policy holder. The latter risk assessment is as
critical as the first because entities are routinely breached through their vendors and service providers. Visibility of external dependencies must be factored into
the risk assessment of the primary policy holder in order to arrive at an accurate picture of risk exposure.

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.