FICO

JANUARY 11, 2023

Top 5 Decision Management Posts of 2022: AI and Digital Jane. Wed, 05/25/2022 - 03:43. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category.

AI 52

AI Posting Audit Governance 52

CB Insights

JANUARY 18, 2023

in 2022 — marking a 46% drop from 2021, but up 52% compared to 2020. Overall, deals fell 8% year-over-year to reached 5,048 in 2022. Below, check out a handful of highlights from our 178-page, data-driven State of Fintech 2022 Report. in funding in 2022, marking a 60% drop from 2021.

FinTech 66

FinTech Returns Checks Research 66

FICO

JANUARY 18, 2023

Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. The continuing effects of the pandemic, rising costs of living and skyrocketing energy costs put sharp pressure on household budgets in 2022. Here are the top five posts from 2022 on debt collection trends. Read the full post. Read the full post.

Posting 52

Posting Returns Addressing Origination 52

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. And the data from January 2023 is already trending at nearly 10x increase over 2022. One striking fact about the increase in POCs was that 75% of the total compromise sites were new in 2022 (sites that had not been compromised before).

Compromise 98

Compromise Debit Card Scams Smishing 98

FICO

DECEMBER 7, 2022

FICO® Scores in 2022. Tue, 08/30/2022 - 13:08. Wed, 12/07/2022 - 13:00. The national average FICO Score currently sits at 716 as of April 2022, the same as when FICO last reported on it a year ago. Review FICO’s 2022 Credit Trends in the U.S. See all Posts. See all Posts. Related posts.

Consumer 97

Consumer Posting Accounts Product 97

Finezza

OCTOBER 12, 2024

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Bitcoin 40

Bitcoin Posting 40

FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Here are extracts from those customer development posts.

Posting 52

Posting Online and Mobile Banking Credit Limit Risk 52

CB Insights

OCTOBER 4, 2022

GET the list of 2022 fintech 250 companies. Below are a few highlights from the Fintech 250 Class of 2022. All but one of this year’s insurance winners were also featured in our inaugural Insurtech 50 , published in June 2022. Fintech 250 (2022). Track the 250 most promising fintech startups to watch in 2022.

FinTech 101

FinTech B2C B2B Point-of-Sale (POS) 101

CB Insights

JANUARY 26, 2023

The fintech industry took a hard hit in 2022 as investors scaled back their investments amid market turmoil. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more. Fintech is central to a16z’s investment strategy.

FinTech 101

FinTech Blockchain Underwriting Credit Cards 101

Bank Automation

MARCH 12, 2024

billion FFB teamed up with AI-driven tech provider Kasisto toward the end of 2022 to launch a digital assistant, according to a Feb. First Financial Bank has grown its operations and attracted new customers through implementation of an AI-driven digital assistant. 22 case study by Kasisto. The digital assistant, Gabby, can help […]

AI 78

AI Posting 78

FICO

FEBRUARY 21, 2023

Another full year is in the books As 2022 came to a close, the economic environment in the United States is teetering on the edge of a recession. Inflation is easing as funding rates have risen to 15-year highs, but the technology sector is beginning to lay off employees in masses – through 2022 low levels of unemployment kept the U.S.

Federal Reserve 52

Federal Reserve Credit Cards Advisors Issuers 52

Finovate

MARCH 20, 2024

Galileo has expanded its BNPL tool to allow banks and fintechs to offer cardholders post-purchase installment payment options. The SoFi-owned company launched an API for its bank and fintech clients that will enable them to offer their cardholders post-purchase installment payment options. Curve, a U.K.-based billion deal.

Posting 52

Posting BNPL Debit Card Credit Cards 52

FICO

AUGUST 8, 2022

2022 Data Science and AI Predictions Revisited. Thu, 05/12/2022 - 07:46. Mon, 08/08/2022 - 15:30. In the past couple of weeks, vacationing off the grid in Alaska , I’ve had a chance to think about how prescient my 2022 predictions for AI and data science may or may not be. See all Posts. Related posts.

AI 96

AI Audit Risk Credit Risk 96

FICO

FEBRUARY 21, 2023

Home Blog FICO Canada Bankcard Industry Benchmarking Trends: Q4 2022 Update Ready for a recession? To curb inflation, Bank of Canada embarked on a series of interest rate hikes in 2022, and most recently in January 2023, bringing the overnight rate to 4.5% Canadian consumers are being hit with the rising cost of goods and borrowing.

Credit Cards 52

Credit Cards Advisors Debit Card Consumer 52

FICO

AUGUST 16, 2022

Canada Bankcard Industry Benchmarking Trends: Q2 2022 Update. Thu, 05/12/2022 - 07:46. Tue, 08/16/2022 - 15:30. On July 13th, 2022, Bank of Canada raised its target overnight rate to 2.5%, an increase of an entire percentage point. Consumer inflation in June 2022 is up 8.1% See all Posts. Related posts.

Credit Cards 52

Credit Cards Advisors Fraud Prevention Consulting 52

FICO

JANUARY 28, 2022

2022 FICO Decisions Award Winners - Decisions That Matter. I am thrilled to announce the winners of the 2022 FICO® Decisions Awards. . The class of 2022 show that analytic technologies can have a profound impact and deliver on the decisions that really matter to people. 2022 FICO Decisions Award Winners. 2022 Judges.

Financial Inclusion 52

Financial Inclusion Regulatory Compliance Compliance Risk 52

FICO

DECEMBER 6, 2022

US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. Tue, 12/06/2022 - 16:00. after posting negative results for the previous two quarters. Based on the latest data available, the average FICO Score has remained steady year-over-year at 716 (blog post here ). NicholetteLarsen@fico.com. Tue, 03/23/2021 - 22:16.

Credit Cards 52

Credit Cards Federal Reserve Advisors Economy 52

FICO

JUNE 7, 2022

Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update. Tue, 06/07/2022 - 15:00. in April 2022, the highest since January 1991. The government of Canada raised its target for overnight rate to 50 bps to 1 % on April 13th, 2022. Average total monthly sales increased to $1,546 in March 2022, 17.5 % higher.

Credit Cards 52

Credit Cards Advisors Best Practices Issuers 52

The Fintech Times

FEBRUARY 12, 2024

That being said, FTX has since collapsed due to fraud, while WeWork went bankrupt and Uber posted its first profitable quarter this year – despite being founded in 2017. The fintech cycle beings again Fintech investment in 2023 was a quarter of what it was in 2022, and a fifth of its peak in 2021.

Posting 69

Posting FinTech Venmo Instant Payments 69

VISTA InfoSec

JULY 1, 2024

The breach was discovered after Intelbroker posted screenshots of the data it stole on Breach Forums, an infamous hacking site on the dark web where cybercriminals discuss various hacking methods and sell stolen data. This is not the first time that AMD has suffered a cyber-attack.

CHIPS 257

CHIPS Cybersecurity Data Breach Breach 257

Bank Automation

OCTOBER 31, 2024

billion VyStar tried to transition to a new online banking platform in May 2022, but the platform failed leaving […] The post CFPB fines VyStar Credit Union $1.5M The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 The Jacksonville, Fla.-based, based, $14.75

Credit Union 98

Credit Union CFPB Automation Posting 98

FICO

DECEMBER 12, 2022

Reflections 2022: The Power of Patents and the People Behind Them. In 2022, FICO was granted 11 new U.S. Mon, 12/12/2022 - 16:00. As 2022 draws to a close I am reflecting on what has been a very challenging year for the world at large. 2022 marked the comeback of in-person events, in a big way! See all Posts.

Money Laundering 52

Money Laundering Fraud Detection AI Financial Crimes 52

Bank Automation

OCTOBER 29, 2024

Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues to invest in innovation.

AI 64

AI On-Demand Automation Innovation 64

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022). Fri, 06/03/2022 - 12:24. Thu, 12/08/2022 - 16:00. Repayment performance for delinquent consumers post-recession. See all Posts. Related posts. Building portfolio risk resilience into Collections & Recovery. asokolowski. by Jim Patterson.

Addressing 52

Addressing Risk Risk Management Economy 52

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. There is definitely more to learn from FICO World 2022 as you enjoy the rest of the summer. by TJ Horan.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Tue, 08/16/2022 - 11:10. At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams. Read about the panel discussion from FICO World 2022 that focused on other Global Fraud Trends.

Compromise 52

Compromise Romance Scams Push-to-Card ATM 52

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). Thu, 12/08/2022 - 16:00. See all Posts. Related posts. This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. FICO Admin. by David Binder.

Addressing 52

Addressing Risk Risk Management Credit Risk 52

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Thu, 05/12/2022 - 07:46. Thu, 12/08/2022 - 16:00. Impressively, the Federal Reserve reported Q1 2022 delinquency rates on all consumer loans of 1.63% , one of the lowest marks in the 35+ years it has been tracked. FRED, 16 August 2022, [link]. .

Addressing 52

Addressing Risk Credit Limit Risk Management 52

FloQast

MAY 22, 2024

About the Author: Katie Thomas, CPA, is a content creator, 2021 & 2022 40 under 40 CPA Practice Advisor recipient, Top 50 Women in Accounting recipient, and the owner of Leaders Online, where they help accounting professionals increase their impact, influence, and income through thought leadership and digital marketing.

Accounts 52

Accounts Posting Adjustments Professional Development 52

FICO

DECEMBER 7, 2021

Shockingly, post-pandemic, my wallet seems to be withering away; when I leave (work from) home, I often don’t even think to bring it with me. Pre-Pandemic Spending, Post-Pandemic Distractions. Best wishes for 2022! Just because people may be using their physical cards less doesn’t mean we’re not making fewer payments.

Scams 52

Scams Account Takeovers P2P Federal Reserve 52

Open Banking

SEPTEMBER 9, 2024

Danske Bank delivered the functionality in October 2022 and was released from its MRO process in May 2023. Manage the OBL’s Open Banking Directory which allows regulated participants like banks, building societies and third-party providers to enrol in open banking. Produce guidelines for participants in the open banking ecosystem.

Innovation 121

Innovation Message Standards API Enrollments 121

Fintech News

NOVEMBER 11, 2024

Digital financial services (DFS) in Southeast Asia (SEA) are experiencing a remarkable growth trajectory, with projected revenues soaring by 22% from US$22 billion in 2022 to US$33 billion in 2024, a new report by Google, Temasek and Bain and Company says. fold between 2022 and 2024 to US$11 billion.

NOV 122

NOV Non-Bank Debit Card P2P 122

FICO

JUNE 22, 2022

6 Digital Transformation Trends Highlighted at FICO World 2022. Wed, 06/22/2022 - 12:30. Innovation in digital transformation and emerging trends were firmly front-of-mind this year at FICO World 2022. See all Posts. Related posts. FICO World 2022: Digital Transformation Success Stories.

BNPL 52

BNPL Online and Mobile Banking AI Credit Risk 52

Bank Automation

SEPTEMBER 20, 2024

The bank implemented Alloy’s Identity Risk Solution in March 2022. With Alloy’s […] The post Grasshopper reduces manual reviews with Alloy risk solution appeared first on Bank Automation News. Grasshopper Bank has reduced manual reviews in its onboarding process by 57% through fintech Alloy’s risk-management solution.

Risk 80

Risk Embedded Finance Risk Management Automation 80

The Payments Association

OCTOBER 16, 2024

The goal is to deliver quicker post-offer processes, faster remortgage completion times, and greater transparency for Metro Bank’s customers and brokers, all while building greater capacity for the bank. It launched its new payment system in September 2022, resulting in the UK’s first-ever digitally enabled remortgage transaction.

Settlement 88

Settlement Legal Process Acquirers 88

Fintech Finance

MARCH 5, 2024

per cent and the smallest growth since September 2022. Food price inflation dropped to its lowest level since April 2022, at 7.0 per cent in February – the lowest growth since September 2022 – as wetter weather cast a cloud over multiple sectors and Brits spent more time indoors. per cent) since September 2022.

Consumer 52

Consumer On-Demand Finance Product 52

Fintech News

AUGUST 5, 2024

billion in 2022 to US$19.3 of the total GMV of the region in 2023, down from 54% in 2022. billion in 2022 to US$55.1 The feature was first launched in the Indonesian market in February 2021, before expanding to Malaysia, Thailand, Vietnam and the Philippines in April 2022, and entering Singapore two months later.

AI 104

AI Cross-Border Product Small Business 104