Risk & Compliance How APC Will Fight Financial Crime in Panama
APC Intelidat, the credit bureau in Panama, will soon provide regulatory compliance capabilities to its customers and fight financial crime in Panama with a FICO solution.
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Analytics & Optimization Success Stories Wanted for FICO World 2019
FICO welcomes proposals for sessions at our upcoming FICO World conference, which will be held November 4-7 in New York City.
Fraud & Security Adaptive Analytics Help EnterCard Cut Fraud Loss Rate 60%
As one of the first companies to use the FICO Falcon Platform's machine-learning adaptive analytics capability, EnterCard is able to rapidly respond to shifts in fraud patterns.
Analytics & Optimization Banking AI: 9 in 10 APAC Banks Feel They Lag US & Europe
Banking AI – APAC Survey We recently surveyed 33 chief risk officers from across Asia Pacific at our CRO Forum regarding the operationalizing of banking AI. We found that 91 percent of banks in Asia Pacific (APAC) felt they lagged behind banks in the US and Europe when it came to implementation of AI in their operations. The remaining 9 percent indicated that they were at least on par with US and Europe counterparts, while not a single respondent felt they were ahead. When asked about the biggest challenge in adopting AI and machine learning into existing bank operations, 42 percent indicated that it was the lack of available talent. The use of legacy systems (28 percent) came in second, followed by cost (16 percent). Banking AI – Operationalizing AI “The shortage of talent continues to be an issue worldwide as the use of AI continues to grow quickly,” said... [Read More]
Risk & Compliance Latest Reports Name FICO TONBELLER a Leader in AML, KYC
The reports note that the FICO TONBELLER Siron AML and KYC products are “mature, proven solutions with substantial out-of-the-box features including configurability, data connections, and analytics.
Fraud & Security Banking Fraud – What’s Happening In Asia Pacific?
FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. There was also a lot of discussion about the growing convergence between fraud and compliance departments and how business and operational models must adapt. Lastly, there were common challenges around the growing complexity of data sets and the need to deal with them at speed and with greater accuracy. Three of FICO’s fraud leads explain some of the key themes and discussion points raised at our Asia Pacific event. Banking Fraud – Financial Crime Convergence! Adam Davies: During the event, there were many conversations and discussions around the convergence between fraud and financial crime. It was interesting to see that many of the attendees had responsibilities... [Read More]
Collections & Recovery Top 5 Collections Posts for 2018: NPL, DCAs and IFRS 9
How are regulations changing approaches to collections and recovery? Those discussions drove the most-viewed posts on the FICO Blog last year in the Collections & Recovery category. Here are the top five posts from 2018.
Analytics & Optimization Top 5 Analytics Posts for 2018: Optimization, AI and More
As advanced analytics permeated nearly every industry in 2018, FICO’s thought leaders continued to push it into new areas. Here were the top 5 posts in the Analytics & Optimization category last year.
Risk & Compliance Top 5 Risk & Compliance Posts 2018: FICO Scores and More
What are the most read blogs in Risk & Compliance in 2018? This blog looks at the top 5 posts last year; unsurprisingly, topics around FICO Scores were of great interest.
Fraud & Security Top 5 Fraud & Security Posts 2018: AI and Machine Learning
The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. Here are the five posts with the most views.