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    CHECK YOUR FICO® SCORE
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    FICO

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    • FICO and T-Mobile Share Third Party Risk Management Best Practices FICO and T-Mobile Share Third Party Risk Management Best Practices
      FICO and T-Mobile Share Third Party Risk Management Best Practices
      April 03, 2020
      Fraud Protection & Compliance

      The importance of Third-Party Risk Management is growing, and by association cybersecurity risk assessment. FICO has successfully partnered with US mobile carrier T-Mobile to meet this challenge.  Read the recent Dark Reading piece on this topic.  Doug Clare, Vice President of Fraud, Compliance and Security Solutions, at FICO discusses the challenge in a…

      FICO by FICO
    • Home Credit China Cuts Risk by 25 Percent on Thin File Loans Home Credit China Cuts Risk by 25 Percent on Thin File Loans
      Home Credit China Cuts Risk by 25 Percent on Thin File Loans
      March 26, 2020
      Scoring Solutions

      Home Credit, a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. The score was used in addition to data from loan applications, Home Credit’s existing internal scorecards, and other external data source…

      FICO by FICO
    • South Africa's SA Taxi Grows Loans 25% with Automated Lending South Africa's SA Taxi Grows Loans 25% with Automated Lending
      South Africa's SA Taxi Grows Loans 25% with Automated Lending
      March 13, 2020
      Decision Management

      SA Taxi, a financier of over 10 percent of South Africa’s minibus taxi fleet – the nation’s most affordable public transport used by 15 million people daily – has introduced FICO’s cloud-based decision management solution to drive lending growth of 25 percent. The FICO® Blaze Advisor® Decision Rules Management System has also reduced decision time on applications down…

      FICO by FICO
    • FICO Statement Regarding Antitrust Investigation FICO Statement Regarding Antitrust Investigation
      FICO Statement Regarding Antitrust Investigation
      March 15, 2020
      Scoring Solutions

      On Friday, March 13, 2020, FICO was notified that the U.S. Department of Justice, Antitrust Division, opened a civil investigation into potential exclusionary conduct by FICO.  FICO intends to fully cooperate with the Department of Justice and looks forward to a constructive dialogue about the state of competition in our industry.  Lenders have multip…

      FICO by FICO
    • Banreservas Automates 80 Percent of Loan Applications Banreservas Automates 80 Percent of Loan Applications
      Banreservas Automates 80 Percent of Loan Applications
      March 11, 2020
      Customer Development

      Banreservas Automates Loan Applications Banreservas, the largest bank in the Dominican Republic and one of the largest in the Caribbean and Central America, has centralized and automated its credit origination processes using FICO analytics and decision management technology, enabling it to assess 80 percent of its loans automatically, increase loans processed by 3…

      FICO by FICO
    • Financial Crime: Technology can Transform Compliance Financial Crime: Technology can Transform Compliance
      Financial Crime: Technology can Transform Compliance
      March 06, 2020
      Fraud Protection & Compliance

      Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance.  In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe. A partnership aimed at helping banks, payment providers and…

      FICO by FICO
    • Swisscard's Award-Winning Success in Debt Management Swisscard's Award-Winning Success in Debt Management
      Swisscard's Award-Winning Success in Debt Management
      March 02, 2020
      Debt Collection & Recovery

      Swisscard AECS GmbH, a leading credit card company in Switzerland, has optimized its early collections using FICO analytics leading to a 50 percent increase in revenue from billable collection expenses, a 40 percent reduction in net credit losses, a 30 percent reduction in account terminations whilst also lifting its Net Promotor Score for customers in collections by…

      FICO by FICO
    • Top 5 FICO Fraud Posts of 2019: From Zombies to Money Laundering Top 5 FICO Fraud Posts of 2019: From Zombies to Money Laundering
      Top 5 FICO Fraud Posts of 2019: From Zombies to Money Laundering
      February 13, 2020
      Fraud Protection & Compliance

      The fight against fraud is constantly evolving because of the new approaches taken by fraudsters. 2019 was a year full of innovative methods to fight fraud, and we covered these on the FICO Blog. Check out the top 5 fraud blog posts which garnered the most views in 2019. 5 Reasons Why AML is More Important Than Ever in 2019 Timothy Choon explains in his…

      FICO by FICO
    • Top 5 FICO Scores Posts of 2019: Credit Score Trends & Innovations in Scoring Top 5 FICO Scores Posts of 2019: Credit Score Trends & Innovations in Scoring
      Top 5 FICO Scores Posts of 2019: Credit Score Trends & Innovations in Scoring
      January 09, 2020
      Scoring Solutions

      The average FICO® Score ticked up to 706 in 2019, and the blog post where we covered the news continues to be one of the most popular posts on the FICO blog. We also looked at trends in credit scores and addressed whether FICO® Scores are artificially inflated. Other innovations such as FICO Safe Driving Score were also of interest to readers. Here are the 5 FICO®…

      FICO by FICO
    • Top 5 Customer Development Posts of 2019: AI and Additional Data Top 5 Customer Development Posts of 2019: AI and Additional Data
      Top 5 Customer Development Posts of 2019: AI and Additional Data
      January 06, 2020
      Customer Development

      The most popular stories in customer development were about how to improve the customer journey. Much of the focus on the FICO Blog was on ways to increase profitability by reaching customers with better offers, loans tailored to their needs or indeed customers who were deemed too risky. Here are the 5 customer development posts from 2019 with the most views on the…

      FICO by FICO
    • Top 5 Collections Posts of 2019: Analytics and Automation Top 5 Collections Posts of 2019: Analytics and Automation
      Top 5 Collections Posts of 2019: Analytics and Automation
      January 02, 2020
      Debt Collection & Recovery

      With IFRS 9 and a new focus on persistent debt by the UK’s regulators, 2019 was a challenging year for debt collection. However, much of the focus on the FICO Blog was on ways to improve results through automation and analytics. Here are the 5 collections posts from 2019 with the most views on the FICO Blog. 11 Credit Trends That Raise Questions for Debt Collect…

      FICO by FICO
    • FICO Platform Supports Care by Volvo FICO Platform Supports Care by Volvo
      FICO Platform Supports Care by Volvo
      December 05, 2019
      Customer Development

      Volvo Cars has selected FICO® Decision Modeler to immediately onboard customers to its new Care by Volvo service. The move demonstrates the increasing adoption of advanced decision management technology in the auto finance industry. Care by Volvo is a vehicle subscription service designed to let customers enjoy the benefits of a new Volvo, without the challenges of…

      FICO by FICO
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