Analytics & Optimization Are You Making Award-Winning Decisions?
The FICO Decisions Awards were created to find the best of the best, the companies that are truly competing and winning with analytics.
All posts by FICO
Risk & Compliance Exploring New Frontiers in Credit Risk Scoring at Money 20/20
One of the most exciting events in the financial services industry is coming in October – Money 20/20, Oct. 21-24th in Las Vegas. Industry leaders and innovators in the Payments, FinTech and Financial Services will be at the event to discuss the ways the industry is revolutionizing the future of money. As a leader in analytics and credit scoring, FICO will be there to showcase thought leadership and new innovations in credit scoring, fraud, originations, and more. FICO CEO Will Lansing will also be speaking during two keynote sessions at the event, including a panel around the power of consumer-controlled data to broaden financial inclusion. Join us at the two can’t miss keynote sessions below on Wednesday, October 24th: October 24 at 9:00 a.m. Pacific: Wake up with the CEO The buck stops with the CEO, so when it comes to understanding the road ahead it is vital to understand... [Read More]
Risk & Compliance Fighting Financial Crime in Eastern Europe
The system enables Belgazprombank to comply with regulations on financial crime in Eastern Europe by blocking financial transactions and freezing funds related to persons involved in terrorist activities.
Analytics & Optimization FICO Decisions Awards 2018 Now Open
Calling all analytic heroes! The FICO Decisions Awards 2018 are now open.
Risk & Compliance How Consumers Can Protect Their Credit When Disaster Strikes
In the wake of a natural disaster such as Hurricane Florence, people worry about how to put their life back together. One of the concerns is how to handle finances and mitigate issues with things like mortgages, credit cards, and other loans. How should people protect themselves and monitor any changes to their credit after a natural disaster? Tom Quinn, vice president of Business Development for myFICO offers some insight on what consumers should consider when they have to deal with their finances after a natural disaster. Check out his piece on the myFICO blog.
Risk & Compliance Infographic: The State of the Non-Prime Vehicle Finance Industry
In a previous blog post, Ben Werner wrote about the report FICO helped coordinate with the National Automotive Finance (NAF) Association for the non-prime auto financing market. The report serves as a key source of benchmarking for those who participate in or support non-prime automotive financing. Below is an infographic which provides a more visual representation of the findings.
Analytics & Optimization How to Make Artificial Intelligence Explainable
How to Make Artificial Intelligence Explainable – A New Analytic Workbench FICO today announced the latest version of FICO® Analytics Workbench™, a cloud-based advanced analytics development environment that empowers business users and data scientists with sophisticated, yet easy-to-use, data exploration, visual data wrangling, decision strategy design and machine learning. As new data privacy regulations shine a spotlight on AI and machine learning, the FICO Analytics Workbench xAI Toolkit helps data scientists better understand the machine learning models behind AI-derived decisions. “As businesses depend on machine learning models more and more, explanation is critical, particularly in the way that AI-derived decisions impact consumers,” said Jari Koister, vice president of product management at FICO. “Leveraging our more than 60 years of experience in analytics and more than 100 patents filed in machine learning, we are excited at opening up the machine learning black box and making AI explainable. With Analytics Workbench, our customers... [Read More]
Analytics & Optimization Top Innovators in Data and Analytics: Dr. Scott Zoldi
FICO’s chief analytics officer, Dr. Scott Zoldi, has been named one of the top 100 innovators in data and analytics by Corinium.
Fraud & Security Special Report: Convergence of Fraud and Compliance
A new special report from Raconteur, published in today's edition of The Times in London, calls out the growing trend of convergence of fraud and compliance.
Risk & Compliance Digitizing Credit Originations at SunTrust
Earlier this year at FICO World 2018, we held a session with SunTrust about how they rebuilt their origination process to become truly customer-centric. SunTrust set about digitizing credit originations to implement an origination system that offered the path of least resistance for customers, and in the process also rebuilt its existing business processes. SunTrust wanted to deliver a significantly simpler and more engaging experience for their customers. The result has been an origination process, infused with automation and self-service communication capabilities, that has enabled the bank to wildly outperform their most optimistic ROI projections. Check out this short video where Angela Baker, senior vice president, business lending & payment solutions group product manager at SunTrust explains why optimization was a priority for the online retailer. Digitizing Credit Originations To Meet Customer Expectations – Transcript: Angela Baker, senior vice president, SunTrust What was the challenge facing SunTrust? Sun Trust is located in Atlanta Georgia.... [Read More]