Overview

All available industry statistics show that cybersecurity attacks and breaches continue to rise. The latest FICO survey results show that enterprise organizations are – quite rightly – prepared to invest more funds in cybersecurity technology and training requirements. Ovum's own security forecast supports this position, demonstrating that spending on security products and services will continue to rise at a compound annual growth rate (CAGR) of around 10% through to 2022. However, and despite evidence to the contrary, senior management continue to believe they are well positioned for cyber-readiness, and that their position will improve further in the year ahead.

For Industries: 
Retail, Banking, Agencies
Overview

Creditors and debt collectors have navigated substantial regulatory change for decades. Today’s outlook is full of uncertainties, including the prospect of increasingly complex and fragmented rules if the trend toward increased state regulation of debt collection and recovery continues.

In this environment, an important capability to look for in debt management systems is ease of configuration. Organizations collecting and recovering debt should be able to quickly and efficiently reconfigure any aspect of their collection and recovery process to fit evolving regulatory requirements. Further, a complete, transparent and detailed audit trail of every action taken should be in place with easy access and reporting capabilities.

This paper focuses on the essential components of a configurable, compliant debt management system.

For Industries: 
Banking
Overview

Access to credit plays a vital role supporting consumer expenditure, which makes up around 70% of the economic activity in a modern consumer-driven economy. By just about any measurement, the modern consumer finance business can be seen as a success, but that success has come with the consequence of rising levels of consumer indebtedness.

For Industries: 
Banking
Overview

IDC surveyed 500 business executives, data scientists, statisticians and senior IT staff on their use of analytics and related capabilities across their enterprises. This InfoBrief delves into how organizations are deploying “decision-centric” capabilities to help power digital transformation (DX) initiatives. In addition to analytics, the results explain the current state of rules and optimization implementations, as well as measuring how businesses that leverage all three core capabilities have a clear decision advantage over their competitors.

Overview

It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student loans, healthcare and auto loans. While the collection industry is drawn by the significant activity of these potential revenue streams, we should recognize conflicting trends from declining collection rates, increasing regulation and growing automation.

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

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: 
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.

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