Behavioral profiling approaches are extremely important in tackling fraud that happens when banks share financial data with third parties through application programming interfaces.
FICO’s capabilities in a broad range of anti-fraud functions resulted in consistently good scores across the defined categories for the Chartis enterprise fraud report.
Scott Zoldi discusses using advanced analytics to deliver highly personalized customer experiences and how to "operationalize" those analytics.
Uncovering hidden patterns in money movement makes machine learning for AML a very attractive enhancement to existing AML operations.
AI and machine learning have become popular concepts in payment integrity. But how can they help reduce your losses to health care fraud, waste and abuse?
Fraud analytics is an umbrella term covering a lot of technologies — let’s look at the two big categories.
Greetings from sunny (and humid) Miami! I had the pleasure of speaking on a panel at ABS East yesterday, entitled “Traditional vs Non-Traditional Underwriting, Does Machine Learning Teach Us Anything New?” The panel primarily focused on the opportunities and challenges associated with the use of Machine Learning (ML) in credit underwriting. I called out some highlights from FICO’s recent white paper on this subject. (We will dive into this further in future blogs so keep an eye out.) On the ‘opportunity’ side, I cited: The speed to powerful insights that ML offers, making it ideal for R&D efforts aimed at assessing new analytic challenges, and/or the potential of new data sources to add incremental lift. The great strides we’ve made at FICO as far as developing explainable artificial intelligence (AI)/ML and how that enables us to understand better than ever before what the key variables and risk patterns are that... [Read More]
Because corporate credit cards have different business-oriented spending patterns than consumer credit cards, we tackled the corporate card fraud detection problem with FICO’s collaborative profiling technology.
At FICO World 2018, I sat down with Chess Grandmaster Garry Kasparov to discuss the hot topics in the world of AI, and asked: Should we be afraid of artificial intelligence?
At FICO World 2018, I sat down with Chess Grandmaster Garry Kasparov and asked: How is artificial intelligence evolving?