How Direct Debits Can Help with Persistent Debt and IFRS 9
The introduction of two initiatives in the UK credit card market may see an increase in the promotion and take-up of Directs Debit, and greater flexibility offered to those paying this way.
FICO Data: Warning Signs for New Card Accounts in Ireland
Over the past few months, the percentage of new Irish card accounts that are delinquent has climbed to around 10 %, more than twice the average for UK cards.
Two of today’s hottest tech topics—cybersecurity and artificial intelligence (AI)––were well represented at recent conferences in insurance and banking, respectively: Advisen Cyber Risks Insights Conference and Bank AI Expo. Here’s my take.
While the financial industry transformation features some of the same elements as their retail counterparts, its origins and intra-competitive responses are unique, and the results are still excitingly in flux.
It’s raining data left and right, and you need to start by understanding what data you already have to fight application fraud and where there are gaps.
Will FCA Proposals Fix the UK's Persistent Debt Problem?
The UK’s Financial Conduct Authority desperately wants to help 3+ million borrowers get out of persistent debt — but will the fixes work the way they want them to?
Top 5 Collections Posts: Getting Ready for IFRS 9 and GDPR
Last year saw collectors making plans to deal with new regulations, as were their colleagues throughout banking. It's no surprise then that the most popular collections posts on the FICO Blog dealt with getting ready for IFRS 9 and GDPR.
Top 5 Fraud & Security Posts: AI Meets AML (and Hackers)
One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Readers were also keenly interested in learning more about cybersecurity and ATM compromise trends.
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