Dave Lightfoot

I’m thrilled that FICO has been named as the Category Leader for Innovation in the recently published 2021 Chartis RiskTech 100. Additionally, FICO was recognized as one of the top six overall risk management technology vendors and won Category Leader for AI Applications and Financial Crime-Enterprise Fraud. This year’s Chartis RiskTech 100, a comprehensive st…

We are thrilled and honored to be recognized by Aite Group as best in class and the overall rankings leader for our Loan Origination Solution. For nearly 50 years, FICO has pioneered intelligent credit origination powered by world-class analytics. We have served lenders in all industries, enhancing decisions with flexible strategies and rules, improving analytic sophi…

Should our company deploy origination software on-premises or in the cloud? We’ve been fielding quite a few questions along these lines after recently launching our own FICO^® Origination Manager 4.5, the first release that can be deployed either way. In this post, I’ll answer some of the top questions we’re hearing, including: Why move to the cloud? What are the o…

Banks and other financial institutions (FIs) have always had Big Data. But now, with improved data modeling and closed-loop analytics, FIs can finally get closer to the real-time decision support models that other types of industries already enjoy. Business analysts can create and deploy new decision models to manage portfolios of credit card and loan products in just…

As 2014 gets underway, consumers are feeling optimistic. Their confidence is on the rebound, a sentiment that is manifesting itself in numerous ways. One of the most noticeable is a rise in automobile sales, which saw an 8% increase, year-over-year, in 2013. As consumers “re-start their engines” and rev up purchasing in 2014, are banks and other loan originators read…

Banking customer loyalty appears to be on the decline. The Ernst & Young 2012 Global Banking Survey found that the proportion of customers planning to change banks had grown by 70% in just one year, and more customers than ever had accounts with multiple banks. And the company’s 2013-14 Global Banking Outlook indicates that these trends are persisting. Why then, a…

As regulation and consumer habits change, banking profits from traditional sources are getting squeezed. Banks are looking for new strategies to help them build profitable new revenue streams. One of the more successful approaches we’ve seen from banks worldwide is that of customer centricity. There's an interesting example from the technology industry that highl…