This holiday season should be a joyous one — for criminals. Holiday spending always makes it easier for fraudsters to steal your money, for two reasons.[Read More]
Regulatory efforts may prove valuable, but banks and law enforcement still need to use SARs more effectively, and that’s where cognitive analytics for AML can be a tremendous boon.[Read More]
LIFECARD, a credit card company with more than 5.7 million accounts, is the first lender in Japan to adopt the FICO® Score to enhance its credit assessment for existing customers.[Read More]
Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. However, untapped opportunities for growth remain for startups and minority owned businesses as suggested in SBA research. What are the funding options for these groups that the SBA is offering and how can your organization better serve them as well? This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders. SBA programs give businesses access to credit such as 7(a) loans for any purpose, microloans and 504 Certified Development Company (CDC) Loans for fixed-rate mortgage and equipment financing. Other programs are available to businesses to find investors, conduct... [Read More]
Dynamic pricing, a practice started by American Airlines in the 1980s, has now become a common marketing discipline for many corporations across industry sectors. From airlines, hotels, and entertainment events to perhaps the most well-known e-retailer, Amazon, these companies have been using dynamic pricing to improve profitability relative to rapid changes in supply and demand. Personalization: Using AI to deliver optimal customer experiences, in real-time As technologies for machine learning and artificial intelligence become more advanced and the dimensions of available data expands, dynamic pricing is going beyond its traditional inventory management function enabling companies to deliver optimal customer experiences, in real-time. In essence, pricing is becoming dependent on the ability to make offers which continuously adjust to changing consumer behavior and preferences while also responding to organizational inventory and profit requirements, as well as other external pricing influences. Today, enterprises are able to marry rich data sets with sophisticated pricing... [Read More]
Some people believe that the application of price optimisation takes advantage of price-insensitive customers. In fact, a powerful pricing engine is more necessary than ever.
Uncovering hidden patterns in money movement makes machine learning for AML a very attractive enhancement to existing AML operations.
Vere Millican discusses the role of decision management technology in the success of African Bank.
In this post, I will share analysis that shows why using account management scores in addition to account origination scores is important.
FICO CEO Will Lansing recently sat down with Money 20/20 following his keynotes at this year’s premier payments and fintech event. He answered a few pressing questions on new innovations in credit scoring, the evolution of consumer permissioned data, and how consumers are changing the lending industry. Hear first-hand his key takeaways from the 2018 Money 20/20 U.S. event in the video below.
Here are 11 simple ways for shoppers to protect themselves from Black Friday fraud while splurging on seasonal bargains.
The Chartis 2019 RiskTech100® report ranked FICO as one of the top 10 companies and FICO won awards in Innovation, AI, and Cyber Risk Quantification.
In this video, detective Jesse Gossman shares how synthetic identities are used, and the risks associated with Credit Profile Numbers (CPNs).