Search results

Filter Posts By:

  • Are Your Analytics Delivering Results? Are Your Analytics Delivering Results?
    Are Your Analytics Delivering Results?
    May 23, 2018
    Customer Development

    Are your analytics delivering results? The word “analytics” means different things to different people.  Depending on the analytical maturity of your organization, analytics could mean reports on your performance, analytics could mean predictive models, or it could mean fully optimized analytic decisions. No matter where you are on that spectrum, many organizations…

    Ted London by Ted London
  • 4 Success Factors for Machine Learning in Fraud Detection 4 Success Factors for Machine Learning in Fraud Detection
    4 Success Factors for Machine Learning in Fraud Detection
    June 20, 2018
    Fraud Protection & Compliance

    In a recent blog post, I discussed how FICO is fighting application fraud by leveraging artificial intelligence (AI) and machine learning in fraud detection, including an overview of supervised, unsupervised, and adaptive analytics techniques and the need to balance transparency (explainable AI) with predictiveness. Most computer software encodes a set of rules — an…

    Liz Lasher by Liz Lasher
  • How Analytics Developers Can Game Model Results How Analytics Developers Can Game Model Results
    How Analytics Developers Can Game Model Results
    November 12, 2018
    Scoring Solutions

      "There are three kinds of lies: lies, damned lies, and statistics" - Attributed to Benjamin Disraeli, British PM (1874-1880) In assessing the predictive value of new scores or new data, significant weight is given to model performance measures.  Examples of these measures — which quantify the effectiveness of a predictive model in distinguishing…

    Ethan Dornhelm by Ethan Dornhelm
  • AI AML Models Help Find the Bad Eggs AI AML Models Help Find the Bad Eggs
    AI AML Models Help Find the Bad Eggs
    April 23, 2019
    Fraud Protection & Compliance

    Hope you had a relaxing Easter weekend with family and friends! In between coloring eggs, if you picked up a paper or scrolled through a news site, you probably would have seen the news that $130 million cash was found at the house of the ousted president of Sudan and how the US government foiled a money laundering operation by drug traffickers using bitcoins. Money n…

    Subhashish Bose by Subhashish Bose
  • Tax Compliance; Enhancements with Analytics Tax Compliance; Enhancements with Analytics
    Tax Compliance; Enhancements with Analytics
    June 11, 2019
    Customer Development

      Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Because of this resource limitation, they are required to build criteria to determine which individuals and businesses to select for audit and which collection cases to focus their efforts on. Typically, this selection is based on experience that info…

    Ted London by Ted London
  • Build or Buy: Partnering in the Age of Model-Driven Organizations Build or Buy: Partnering in the Age of Model-Driven Organizations
    Build or Buy: Partnering in the Age of Model-Driven Organizations
    September 03, 2019
    Decision Management

    Digital transformation has made businesses smarter and more capable than ever before. It’s also made nearly every industry much more intensely competitive, as the tools for digitalization are more equally available to all players. Beyond their own unique proprietary resources, all competitors have access to essentially the same third party data. Where companies can st…

    Chisoo Lyons by Chisoo Lyons
  • Truncation Bias in Score Validations: When Rejected Applications Strike Back Truncation Bias in Score Validations: When Rejected Applications Strike Back
    Truncation Bias in Score Validations: When Rejected Applications Strike Back
    October 21, 2019
    Scoring Solutions

    This post is the second of a three-part series highlighting some of the ways in which the set-up of a score validation can greatly influence model performance results — and sometimes inflate them.  Our goal is to help potential users of scores and data evaluate their options and understand when they might be looking at skewed results.  The first post in this…

    Paul Panichelli by Paul Panichelli
  • FICO's UK Women in Credit - Louise Lunn FICO's UK Women in Credit - Louise Lunn
    FICO's UK Women in Credit - Louise Lunn
    April 07, 2020
    Decision Management

    FICO recently announced that three of its employees had been announced as finalists for the Women in Credit Awards being held in London. The event was to be held in March but due to Coronavirus, it has been postponed to October. Last week, we brought you the first of three interviews with our finalists, a Q&A between FICO's Chief Marketing Officer, Ni…

    Nikhil Behl by Nikhil Behl
  • Fraud Analytics for Open Banking: Multi-Layered Self-Calibrating Models Fraud Analytics for Open Banking: Multi-Layered Self-Calibrating Models
    Fraud Analytics for Open Banking: Multi-Layered Self-Calibrating Models
    January 03, 2019
    Fraud Protection & Compliance

    In my previous post, I described how fraud analytics for open banking work. Following an introduction to behavioral analytics, this post focuses on how the data refined through behavioral profiles are combined in an unsupervised machine learning model to produce a score indicative of fraud or non-fraud. Rationale for Utilising Unsupervised Models Regarding fraud ana…

    Krzysztof Nalborski by Krzysztof Nalborski
  • Top 5 Analytics Posts for 2018: Optimization, AI and More Top 5 Analytics Posts for 2018: Optimization, AI and More
    Top 5 Analytics Posts for 2018: Optimization, AI and More
    January 09, 2019
    Decision Management

    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. Advancing the Field of Prescriptive Analytics Mathematical optimization, or prescriptive analytics, applies robust science to decision strategies in order to rea…

    FICO by FICO
  • Deep Dive: How to Make "Black Box" Neural Networks Explainable Deep Dive: How to Make "Black Box" Neural Networks Explainable
    Deep Dive: How to Make "Black Box" Neural Networks Explainable
    January 14, 2019
    Decision Management

    Neural networks can significantly boost the arsenal of analytic tools companies use to solve their biggest business challenges. But countless organizations hesitate to deploy machine learning algorithms with a “black box” appearance; while their mathematical equations are often straightforward, deriving a human-understandable interpretation is often difficult. The res…

    Scott Zoldi by Scott Zoldi
  • Is Big Data a Big Problem for Analytic Models? Is Big Data a Big Problem for Analytic Models?
    Is Big Data a Big Problem for Analytic Models?
    October 09, 2014
    Decision Management

    In today’s battle for organizations to turn Big Data into faster, smarter and more compliant decisions, a simple statistic tells the story of why this isn’t so easy. It is estimated that most businesses are only able to derive real value from approximately 12% of the data available to them (source: Forrester Research). A lot of effort is being put into combing through…

    by
Show More