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Fraud is a serious concern for the communications industry, with proceeds and services used by organised crime and terrorist networks. Whilst reliable statistics are difficult to come by, industry association Communications Fraud Control A...
See what FICO is doing to help Lenders turn financial dreams into a reality for consumers.
Communications service providers (CSPs) saw fraud losses of over $29 billion globally in 2017 alone. Clearly, they must manage these risks; however, this must be accomplished in a way that drives a great customer experience and growth of t...
This version of FICO® Small Business Scoring ServiceSM (SBSSSM) solution is the culmination of FICO’s most advanced modeling technologies, such as FICO® Model Builder and advanced segmentation, combined with over 20 years of FICO small bus...
5 things FICO is doing to help Lenders turn financial dreams into reality for consumers
The business models for communication service providers (CSPs) are evolving. CSPs increasingly are involved directly in financing expensive new mobile devices for customers. And CSPs have begun to offer platforms for financial services suc...
Every project is different, so it would be impossible to put together a standard template for designing a predictive modeling project. However, there are key design issues that can be considered generally applicable. The following suggesti...
Banks, credit unions, and other lenders are constantly challenged to lend responsibly, improve customer experience, increase profitability, and advance their competitive positions. Achieving these goals without taking on more credit risk, ...
As industries embrace analytics, organizations are now being asked to adopt more sophisticated analytic solutions than in the past. These include machine learning and prescriptive analytics because of their potential to directly increase b...
When you start using scoring in small business credit origination, you need to know which score cutoffs to use to automate decisions. Performing a model validation proves exactly where cutoffs should be set on your account population to ap...
For most financial institutions, credit risk and fraud are two distinctly different departments. However, credit risk and fraud functions touch almost every point of the customer lifecycle—from marketing to origination to management to clo...
Whether creating demand generation or other time-series forecasts, leading organizations are asking how they can build faster forecasts, improve their accuracy and better involve their business teams—and the answers don’t lie in massive sp...
FICO, provider of industry-standard US scoring solutions, delivers a range of products and services globally that support lenders in developing enhanced credit risk strategies. Highly predictive and customizable, FICO® Scores leverage both...
Banks and credit unions are constantly looking to bring the best service to their customers and often find themselves in competition with larger institutions that have highly sophisticated analytic tools and processes in place that drive m...
You’re competing to retain and build customer relationships in markets where consumer expectations rise every day. You want to outmaneuver companies that see themselves as being fundamentally in the business of disruptive, continuous innov...
Telecommunications companies lost more than $29 billion to consumer fraud in 2017 globally (1.27% of their revenues). The largest and most advanced communications service providers (CSPs) have sophisticated fraud detection systems and proc...