FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). This four-part series looks at embedding portfolio risk resilience into decisions across the credit lifecycle through targeted application of the FICO ® Resilience Index. risk that only manifests during periods of economic stress) more precisely.

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FICO

MAY 11, 2021

Credit risk industry veterans who managed consumer loan portfolios through the Great Recession can recall the challenge of responding to swiftly changing borrower payment behavior and the resulting delinquency and default rate volatility during that time. risk that only manifests during periods of economic stress).

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FICO

JANUARY 4, 2018

What were some of the most interesting risk analytics topics last year? Judging from the views on the FICO Blog, risk professionals are keenly interested in new ways to approach risk analytics. A New Way to Score Credit Risk – Psychometric Assessments. Using Alternative Data in Credit Risk Modelling.

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Risk Posting Credit Risk Regulatory Compliance 58

FICO

NOVEMBER 30, 2017

At point of origination, you stop the obvious frauds. But what if we take what we learned about these customers at point of origination and we carry it through to our downstream controls? Lastly, step 3 requires thinking big across the risk and the fraud continuum. What if your organization can act on that identity now?

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Risk Fraud Detection Assessments Origination 82

FICO

JANUARY 7, 2020

The average FICO® Score ticked up to 706 in 2019, and the blog post where we covered the news continues to be one of the most popular posts on the FICO blog. We also looked at trends in credit scores and addressed whether FICO® Scores are artificially inflated. The blog examines the key drivers pushing U.S. Average U.S.

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FICO

JANUARY 4, 2018

As artificial intelligence applications exploded last year, our blog posts on AI and machine learning drew thousands of readers. Indeed, taken together, they explored many aspects of Explainable AI and its applications, particularly in the area of credit risk. Combining Machine Learning with Credit Risk Scorecards.

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FICO

APRIL 12, 2023

And while some of our clients’ business lines benefit from the very latest innovations, others such as mortgage continue to find that older versions of the FICO® Score – even some that were first developed decades ago – meet their needs for credit risk assessment. That’s because FICO® Scores are built to last. Ethan has a B.S.

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FICO

JUNE 5, 2023

But as more providers take steps towards extending mobile phone leasing to underserved markets, new demographics and segments with thin credit files, while offering the lasts handsets and access to high-speed services, they face a multitude of challenges.

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FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. FICO® Scores, often an important contributor to underwriting risk management strategies, are designed to provide valuable risk rank-ordering through all economic cycles. FICO Admin.

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FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. caption id="attachment_36090" align="alignnone" width="600"] Source: FICO Blog[/caption]. Follow this blog for our 2019 insights into fraud, financial crime, cybersecurity and AI and machine learning.

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FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. Lenders must adopt a similar mindset as they manage the financial health of their consumer lending portfolios to insulate their existing assets from potential portfolio risk volatility. Saxon Shirley.

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FICO

OCTOBER 19, 2022

Figure 2: Average FICO® Resilience Index 2 by snapshot, all industries account management vs account origination. Weighting its value by outstanding balance can provide additional insight about how much exposure to credit losses lenders face from their sensitive borrowers. FICO® Resilience Index - Benchmarking Portfolio Resilience.

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FICO

MAY 25, 2021

FICO® Scores, often an important contributor to underwriting strategies, are designed to provide valuable risk rank-ordering through all economic cycles. This blog illustrates how to use FICO Resilience Index in underwriting strategies during both stressed and unstressed times to maximize its value. FICO® Resilience Index Solution.

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Risk Addressing Underwriting Economy 52

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. and globally -- making access to credit more efficient and objective, which has continued into the present day. chevron_left Blog Home. Average U.S. by Ethan Dornhelm. Ethan has a B.S.

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FICO

MARCH 21, 2023

Investors and other secondary market participants want a credit score that is predictive of credit risk and proven over time. Secondary market participants want to learn more about the upcoming transition to FICO® Score 10 T in conforming mortgages. Prior to joining FICO, Ms.

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FICO

OCTOBER 10, 2022

FICO Fact: Can having no credit score be better for consumers than a low credit score? To avoid situations like this, it is critically important that credit scoring models are proven over time and based on sufficient data to reliably assess a consumer’s credit risk in a way that doesn’t generate a low score.

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Consumer Underwriting Credit Risk Risk Assessment 52

FICO

JANUARY 25, 2017

For fun, we analyzed and compared several credit attributes for populations in the greater Atlanta and Boston metropolitan areas on a recent random sample of credit bureau data. On average: People in the Boston are lower credit risks and have higher FICO® Scores (by almost 50 points on average) compared to folks in Atlanta.

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Credit Risk Origination Posting Risk 56

FICO

JUNE 11, 2021

Lenders must adopt a similar mindset as they manage the health of their consumer lending portfolios to insulate their existing book of business from potential risk volatility. As we discussed in part 1 of this blog series, FICO® Resilience Index (FRI) was designed with precisely this capability in mind.

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Risk Addressing Consumer Financial Protection Bureau (CFPB) Credit Risk 52

FICO

NOVEMBER 22, 2018

I will share recent analysis done in Russia, where more than half of the top Russian banks use FICO Scores delivered by NBKI, but most are only using the scores for Account Origination. The FICO® Score has been available in the Russian market through the National Bureau of Credit Histories (NBKI) since 2008. The FICO Score in Russia.

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FICO

JUNE 22, 2020

What kind of credit risk does she pose? FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. In the final installment in this blog series, I’ll dive into the complex and often frustrating world of debt collection. . Service coverage?

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FICO

APRIL 24, 2023

FICO Platform allows us to simultaneously take care of credit risk and regulatory risk within a single solution.” Trust Bank designed a great origination process and made use of the technologies in an innovative way. Nikhil is also a member of the Forbes Business Council.

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FICO

MARCH 24, 2021

In my previous blog post, I talked about how open banking can be leveraged to build a financial ecosystem and what capabilities are required to get the maximum value from it. In the example in my previous blog, I had drafted a banking ecosystem which can penetrate into customers’ lifecycle with different products and services.

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FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. What kind of credit risk does she pose? FICO Loan Origination Solution Awarded Best-In-Class. Here are our top 5 posts from 2020. #1. Service coverage?

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FICO

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. We hope that what readers learned helped instill confidence in keeping credit flowing during uncertain times.

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FICO

APRIL 29, 2016

“Success comes from a thoughtful combination of long term strategy and short term delivery,” said Ivan Cavinato, head of credit risk management at Unicredit. For Italy’s Unicredit, building a customer origination system on state-of-the-art FICO technology was just the beginning.

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FICO

SEPTEMBER 15, 2022

Saudi Credit Bureau Delivers Access To Loans For Millions with Score. SIMAH worked closely with lenders to show the importance of incorporating credit scoring in originations, account management and collections. How FICO Can Help Improve Your Ability To Risk Assess Customers . chevron_left Blog Home. Saxon Shirley.

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FICO

JANUARY 9, 2023

Plenty still have siloed data across marketing, credit risk, customer management, fraud, compliance, and collections operations. Read the blog Even in a Crisis, the Best Collections Strategy Is to Avoid Collections. Read the blog Empower Your Customers to Self-Serve With Digital Omnichannel Communications. FICO Admin.

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Consumer Technology Credit Risk Compliance 52

FICO

FEBRUARY 14, 2022

Here at FICO we’ve been exploring for almost a decade the use of explainability in machine learning through our xAI technology (check out Scott Zoldi’s post on Using Machine Learning in Credit Risk Models ) which is now embedded in FICO Platform.

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Volume Credit Risk Compliance Risk 52

FICO

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. In contrast, first-party fraud often masquerades as a credit risk problem; delinquent accounts are sent to collections for a progression of treatment. by Matt Cox.

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FICO

AUGUST 10, 2022

Easier to qualify for, BNPL has given shoppers, particularly those with little or no credit history, the ability to access – or stack - multiple BNPL arrangements at once without them appearing in bureau data used to assess consumer credit risk. chevron_left Blog Home. Tue, 07/02/2019 - 02:45. by Matt Cox. See all Posts.

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FICO

JANUARY 19, 2023

How credit and debit card spending and borrowing are changing over time. Some consumers may look like typically “good customers” today from a credit risk perspective, but their situation could quickly deteriorate if they suffer a payment shock from a re-mortgage, their savings are exhausted, or they experience reduced income.

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FICO

AUGUST 3, 2022

FICO ® Resilience Index (FRI) augments the FICO Score with an additional dimension of credit risk insight. chevron_left Blog Home. FICO Resilience Index Enables Proactive Mortgage Servicing Strategies. expand_less Back To Top. Wed, 08/03/2022 - 15:35. This guest post is written by Marcel Bryar at Mortgage Policy Advisors (MPA).

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FICO

JULY 15, 2022

You need to know, when you have a score on a consumer that you're getting a solid indication of credit risk, you need to know that you're not putting the consumer at greater risk of a foreclosure because a score used in a credit decision for a mortgage or auto loan, was based on a small amount of data, or stale data.

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Financial Inclusion Underserved Consumer Innovation 52

FICO

NOVEMBER 12, 2018

I have seen studies claiming a credit risk score can offer as much as 20% improvement in credit risk assessment over a predecessor model, as measured by relative improvement in Gini. As shown in Figure 1, on an originations use case across the total population, we observe Gini values of.708 A Tale of Two Ginis.

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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. There’s nothing wrong with making it fun!

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FICO

JULY 5, 2023

Sales and marketing, credit risk, fraud and collections are frequently operating different systems. Over time, the FICO Platform capabilities used to address fraud can be expanded to manage more use cases, like originations and the customer lifecycle.

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Crime Online and Mobile Banking Gateways Rules 52

PYMNTS

APRIL 30, 2018

Today, the hype machine, which is the fuel of the investments in blockchain and crypto, rooted in a world run by algo-driven, permissionless networks, appears to be little more than a bunch of academic white papers and blog posts that sound great in the echo chambers. All you need for proof is to just follow the smart money. Digital Banks.

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