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Chief Analytics Officer Dr. Scott Zoldi’s AI forecasts includes the rise of “defensive AI” and manipulative chatbots

SAN JOSE, CA — January 11, 2018

Highlights:

  • Blockchain will use AI to search through relationship data, says Dr. Scott Zoldi, chief analytics officer at FICO, in his AI predictions for 2018
  • Defensive AI will be used to protect systems from malicious AI and machine learning
  • Chatbots will get so good at understanding us they will learn how to manipulate us

The growing use of blockchain technology in financial services will include a healthy dose of artificial intelligence, as new, automated analytic techniques look for patterns in the “relationship data” about people, contracts and transactions. That merger of two hot tech trends is one of the predictions made by Dr. Scott Zoldi, chief analytics officer at Silicon Valley analytic software firm FICO, and a recognized expert in the field of artificial intelligence.

More information: http://www.fico.com/en/blogs/analytics-optimization/analytic-predictions-2018-31-flavors-of-ai/

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Bank creates central decision hub with FICO technology to launch new credit strategies 30 percent faster and at 25 percent lower cost

JOHANNESBURG — November 23, 2017

HIGHLIGHTS:

  • African Bank, a large retail bank in South Africa, has worked with Silicon Valley analytics firm FICO to bring more efficiency, governance and collaboration to the way it makes decisions.
     
  • The bank uses FICO decision management technologies as its central decision-making hub.
     
  • African Bank can now launch new credit strategies 30 percent faster and at 25 percent lower cost, and can make changes to credit strategies in two days instead of two months.
     
  • FICO® Blaze Advisor® decision rules management system is part of FICO’s suite for decision management.

African Bank can now launch new credit strategies 30 percent faster at 25 percent lower cost and can make changes to credit strategies in two days instead of two months. The new African Bank, which underwent a restructuring and reopened in 2016, uses FICO decision management software as the central decision-making hub of the bank. This new technology from FICO is said to bring more efficiency, governance and collaboration to the way the bank makes decisions.

More information: http://www.fico.com/en/latest-thinking/case-study/ever-wonder-how-african-bank-transformed-its-decision-system-to-launch-strategies

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LONDON — May 16, 2017

Highlights:

  • Discovery Health in South Africa uses tools from FICO to automate decisions in certain processes within Discovery Health’s underwriting and claims processing.
  • Discovery Health processes more than 100,000 transactions a day with FICO® Blaze Advisor® decision rules management system
  • Discovery Health is South Africa’s largest administrator of medical schemes, providing administration and managed care services to more than 3.2 million beneficiaries

Silicon Valley analytics software company FICO (NYSE:FICO) today announced that Discovery Health in South Africa is using the FICO® Decision Management Suite to process as many as 100,000 transactions a day. As South Africa’s largest administrator of medical schemes with more than 3.2 million beneficiaries, Discovery Health uses FICO® Blaze Advisor® decision rules management system to assist in various processes, from insurance applications to claims processing, in order to accelerate decisions, save costs and improve the customer experience.

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