Overview

The FICO® Decision Management Suite is a complete cloud or on-premises solution that delivers an integrated suite of tools for creating fully customizable analytically powered applications. This document provides a high-level overview of the Decision Management Suite architecture and the elements of a decision management solution. It also provides an architectural overview of the FICO® Decision Management Platform, which provides a standardized set of analytic and execution services that power the Suite.

Using this document as a guide, the reader will understand the context and boundaries to guide architectural decision-making.

For Industries: 
Banking
Overview

Within the banking industry, marketing offers have to navigate a fine line between risk, timing and profitability. The massive proliferation of customer data, complexity of decision criteria, and shifting priorities all place a substantial burden on the decision rules system powering these offers, and any lag in performance can reduce, if not nullify, the benefit of using such a system.
 
Download our white paper now to learn how one mid-sized financial services institution deployed a decision rules system based on FICO Blaze Advisor® DRMS technology, in under two months, to:

  • Proactively identify prospects for financial services and assess eligibility for inclusion in marketing campaigns.
  • For each eligible prospect, select the most relevant product offer and approach through optimal channel of direct marketing.
  • Process large volumes of data efficiently (leveraging Hadoop), extend timely enticements, and improve deal-close and performance metrics.
Overview

Many insurance payers realize how valuable identity resolution and link analysis technology can be in supporting detection of organized crime, as well as opportunistic fraudulent providers. But they also know how difficult it is to implement on proprietary platforms. Now, with FICO® Identity Resolution Engine as a component of FICO® Insurance Fraud Manager, healthcare insurers can immediately access the industry’s most innovative entity data matching technology to reduce losses with a more holistic view into criminal activity and networks.

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.

For Industries: 
Insurance
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.

For Industries: 
Banking
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.

For Industries: 
Banking
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.

For Industries: 
Technology, Banking
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.

For Industries: 
Banking
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.

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