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A good place to see how collections impacts competitiveness is the 31-day “time bomb” under IFRS 9 in the financial services industry. To prevent accounts from rolling to Stage 2, and with its requirement for lifetime expected credit loss impairment, some creditors are looking to accelerate collections by assigning more accounts to external collection agencies.
There’s concern, however, about increased exposure to other compliance risks, since creditors are responsible for ensuring third parties treat consumers fairly and adhere to applicable laws and regulations.
Increased placements is a good thing for collection agencies, of course. Instead of throwing bodies at this opportunity, smart organizations are using analytics-driven strategies and automated processes to focus their resources on accounts where they can make the biggest impact in the shortest time, not only to prevent 31-day delinquencies but to collect and recover more.
Time: 9-11am & 1-3pm EST on both days
Are you an operations research or data scientist role and want to become an expert in FICO Xpress Optimization and Xpress Insight? Register for this upcoming web-based training session and receive two days of classroom-style, hands-on instruction from FICO experts.
As America's “Un-carrier,” T-Mobile has redefined the way consumers and businesses buy wireless services, resulting in 86 million customers and $44B in annual revenue. In order to achieve and build upon their success, T-Mobile must rely upon a network of thousands of vendors and suppliers, and many of these relationships require exchanging sensitive information. In a digitally connected age in which most breaches occur through third-party vendors, how does T-Mobile successfully assess and manage their cyber risk of their suppliers?
This course familiarizes attendees with optimization models and techniques, and the terminology used to describe them. Participants gain an understanding of the Xpress suite, the Mosel modeling and programming language, and Xpress Workbench. Through a series of projects illustrating applications of the LP and MIP methods, students learn to implement optimization models using Xpress Optimization Suite.
This course is aimed at developers and rule writers. The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.
Horario: 11 AM CET
Si bien es cierto que nuestro sistema bancario se enfrenta a una situación sin precedentes, no es menos cierto, que entidades financieras de otros países han sufrido ya episodios equiparables que nos pueden servir como referencia a la hora de tomar medidas.
We want to help you future proof the next step in your organization’s journey by sharing the lessons FICO experts have learned about building resiliency during tumultuous times. Register below to gain access to our virtual event series.
From April 20 through May 28, FICO will host a series of live webinars sharing best practices and strategies for resiliency in your organization. The topics fall within six tracks including adaptability, digital customer engagement, risk management, operational efficiency, building trust and protecting customers.
This course provides knowledge how Siron™ KYC is used in KYC business processes, e.g. customer onboarding or ongoing customer screening. It explains the details of the check processes and the configuration options from the business point of view. It also shows how business rules can be built in general, and in particular be used for risk assignment.
FICO is excited to participate in the Third Party Risk Association 2020 Virtual Conference. The theme for the event is "Third Party Risk Pain Management," and we'll be speaking about the challenge of scaling up a TPRM program. FICO is uniquely positioned to help enterprise clients manage the data threats inherent to working with suppliers, partners, and vendors, because of the FICO® Cyber Risk Score.
In the current global crisis, banks will have to put even more scrutiny on lending decisions as a response to rising risk. But as we saw for example during the financial crisis, many will do so in a blunt way that hurts consumers and their financing needs. What is needed is greater transparency, agility and decision precision — which mathematical optimization can provide.
FICO’s long-running Platinum Sponsorship of INFORMS events continues with the 2020 Business Analytics Conference. Please visit us in the exhibit hall at Booth 49-50 to talk with our subject matter experts about our latest innovations across the FICO® Xpress Optimization suite, including Xpress Mosel, Xpress Workbench, Xpress Solver and Xpress Insight. Find out how our Xpress solutions help you read data in any format from any source, integrate with your own machine learning and solvers (or Xpress Solver), enable collaboration with business users, deploy decision support or automated solutions in the cloud or on premises —and does it all in 75% less time.
This course provides information about the features and functionality of Siron™ ACM Alert and Case Management. It shows the user's point of view, and it explains administration and configuration options for power users.
FICO is excited to sponsor the Shared Assessments Third Party Risk Summit 2020. Among our many innovations in the field of prescriptive analytics and risk management is the FICO® Cyber Risk Score, the industry’s only predictive cyber security rating. The data-driven, empirical Cyber Risk Score leverages the latest in AI and Machine Learning techniques to interpret billions of cyber risk indicators (monitored at internet-scale) and compare them against the network hygiene practices of thousands of previously breached organizations to quantify the risk of data loss. In addition to self-assessments, organizations can apply the FICO Cyber Risk Score to an unlimited number of partners and suppliers, effectively analyzing and controlling threats presented to their company, data, operations and finances, by third parties.
This course provides essential knowledge about the technical environ-ment and processes of Siron™ Embargo. It focuses on the aspects that are relevant for technical consultants and IT staff, in particular general understanding of technical prerequisites, and product and interface han-dling.
This course provides information about the technical environment of Si-ron®ACM Alert and Case Management.
This two-part course provides a foundation for developing a Blaze Advisor system-enabled application. Part 1 is for both Business Analysts and Developers who maintain rules in the RMA. Part 2 is for Developers who need to understand the SRL generated by the RMA. Students are introduced to rule authoring, Structured Rule Language (SRL), testing, RMA generation, lifecycle management in the RMA, and rule project deployment.
This course explains elements and functions of the Siron™ programming lan-guage. It focuses on those aspects needed for rule building in the Siron™ prod-uct suite and shows examples of how to use Siron™ syntax in Siron™ AML and Siron™ KYC.
Tailored communication strategies boost collections and customer satisfaction.
Phillips & Cohen Manages Global Growth While Preserving a Compassionate Approach to Estate Debt Collection with FICO Solution.
Learn how Cabot Credit Management boosted efficiency and customer satisfaction with FICO® Debt Manager™ Solution.
Makes Debt Collection Efficient and Productive with FICO Solution.
Agencies have long provided telecommunications companies with scalability for collections in a high-growth industry. Today, with markets and business models changing, your collections agencies have a growing impact — for good or ill — on y...
In today’s utilities collections environment, traditional approaches are less and less effective. New techniques and a personal touch—like customers being able to resolve late payments from their mobile device—produce higher ROI for collec...
For 60 years, FICO has worked with a broad variety of credit issuers building best practices in the recovery of debt. One area of critical importance is the outsourcing of debt to third parties. Worldwide, more than 40% of credit-...
It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student l...