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Machine learning FICO analytics can be used by lenders to match offers to risk and ability to pay

Money20/20 Europe, Amsterdam — 6 June, 2018

Highlights:

  • FICO and Equifax have launched the FICO® Risk and Affordability Decision Suite, powered by Equifax®, which uses advanced predictive analytics to assess a consumer’s repayment risk as well as their ability to afford new credit
  • The FICO Risk and Affordability Decision Suite is designed for lenders needing to make credit decisions that avoid overstressing consumers, while treating consumers fairly
  • The suite works with the FICO® TRIAD® Customer Manager solution used to manage most UK card accounts

As the UK’s Financial Conduct Authority pursues measures to stop consumers becoming trapped by persistent debt, two industry leaders in credit risk management have joined forces to help lenders make better lending decisions. At the Money20/20 Europe conference in Amsterdam today, analytic software firm FICO and global information solutions leader Equifax have launched the FICO® Risk and Affordability Decision Suite, powered by Equifax®, which uses advanced predictive analytics to assess a consumer’s repayment risk as well as their ability to handle both existing and new credit.

More information: http://www.fico.com/en/products/fico-risk-and-affordability-decision-suite-equifax

 

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Amazon representative will also discuss how the company uses FICO optimization technology

SAN JOSE, California – April 11, 2018

Highlights:

  • AWS will join FICO to discuss their collaboration in a keynote presentation
  • AWS will discuss securing data on the cloud with FICO’s Chief Information Security Officer
  • Amazon will share its experience using FICO optimization technologies

Silicon Valley analytics software firm FICO today announced that Amazon Web Services (AWS) is joining FICO® World 2018, a leading Decisions conference on artificial intelligence (AI), applied analytics, and decision management, as a platinum sponsor. AWS and Amazon executives will discuss their relationship with FICO to help drive digital transformation in organizations.

More information: http://www.fico.com/en/ficoworld/

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MIAMI, Florida — March 28, 2018

  • DataScoring will offer the FICO Alternative Lending Platform in Colombia
  • The FICO Alternative Lending Platform gives lenders a less expensive way to make credit risk decisions, using cloud-based analytics and decision strategies

Analytics software leader FICO today announced that it has partnered with Colombian firm DataScoring to provide cloud-based credit risk assessment to lenders. DataScoring now offers the FICO® Alternative Lending Platform in Colombia, giving banks, card issuers, retailers and other firms that offer credit an easy way to access world-class credit origination software and risk assessment analytics at a lower cost.

More information: https://www.datascoring.co/

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