FICO

JANUARY 21, 2020

Credit scoring is widely used in South Africa to determine the risk of credit applicants — using this kind of objective, precise measure of risk lets banks, retailers and other organizations lend with more confidence, which in turn means more people get approved for credit. About the Empirica Score.

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FICO

APRIL 28, 2023

Home Blog FICO What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends? credit risk and FICO® Score trends. At the same time, increasing adoption of recent innovations in credit scoring solutions should benefit consumers, leading to greater consumer empowerment opportunities and credit access.

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FICO

AUGUST 16, 2019

It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group. The Relationship Between Credit Risk and First-Party Fraud. Credit Risk and Fraud Across the Customer Lifecycle.

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FICO

JANUARY 3, 2017

With 2016 recently coming to a close, we took a look back to uncover which topics you – our blog readers – gravitated toward last year. Chief among your interests were analytic innovation, credit risk, regulatory compliance, customer experience and mobile payments. Will Fintech Risk Models Have “Unintended Consequences”? –

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FICO

NOVEMBER 30, 2017

Managing fraud is a balancing act that starts with knowing your fraud risk appetite. Striking the right balance between top line growth, profitability, compliance, and protecting your bottom line against fraud loss means that establishing a fraud risk appetite is an imperative to success. Step 3 – Collaboration with Risk.

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FICO

SEPTEMBER 6, 2017

If AI is good enough to power self-driving cars, isn't it good enough to make credit risk decisions? In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO's Chief Analytics Officer, the company's AI innovations and how they are being applied in credit risk, fraud management and more.

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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

OCTOBER 24, 2022

Different than traditional credit bureau data, the use of trended data considers a historical view of data such as account balances for the previous 24+ months, giving lenders more insight into how individuals are managing their credit. . chevron_left Blog Home. FICO Score 10 Suite Available from All Three Credit Bureaus.

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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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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

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

MAY 24, 2017

A year ago I blogged about the data governance ramifications of GDPR, and in this blog I’ll focus on another facet of GDPR to talk about a related analytics topic: explainable artificial intelligence (AI). As I discussed in a recent post, AI is a very useful tool for enhancing credit risk scorecards. is straightforward.

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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

AUGUST 8, 2022

One of my favorite things to think about is my annual data science and artificial intelligence (AI) predictions blog. One of my favorite things to think about is my annual data science and artificial intelligence (AI) predictions blog. In these blogs, I review the industry trends and developments in technology set to impact businesses.

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PYMNTS

DECEMBER 9, 2020

The cybersecurity firm FireEye — which counts numerous government agencies among its clients — said in a blog post that its proprietary tools were hacked by a suspected nation-state. NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. Plus, Robinhood is in talks to go public.

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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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FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022). Building portfolio risk resilience into Collections & Recovery. Properly managed and strategized, the debt collections process can be an effective customer service asset and anti-attrition tool, in addition to being its classic role in portfolio risk management.

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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

MAY 25, 2021

FICO® Scores, often an important contributor to underwriting strategies, are designed to provide valuable risk rank-ordering through all economic cycles. Understanding how these performance variations could manifest in a stressed environment contributes to even more informed risk-taking and decision-making than using FICO Scores alone.

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FICO

JUNE 22, 2018

As you move forward with your AI journey, we’ve curated a list of blogs that uncover the importance of and trends leading to xAI. This blog post uncovers the requirement of making AI explainable. This blog lists ways to explain AI when used in a risk or regulatory context based on FICO’s experience.

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FICO

AUGUST 28, 2020

The FICO® Score has been a stable and highly effective tool for rank ordering credit risk through prior fluctuations in economic conditions, and we expect the FICO® Score to continue to provide strong risk rank ordering through the current COVID-19 pandemic. Make sure to check back here at fico.com/blogs to stay up to date!

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FICO

JANUARY 6, 2021

Posts dealing with debt collection were among the most popular on the FICO Blog last year, for obvious reasons. Collections, risk and operations executives will need to have the data that helps them: Understand the differences between COVID-19 related debt and non-COVID related debt. there will be large books that need to be worked.

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FICO

OCTOBER 5, 2017

Now that EFL has partnered with FICO to sell our alternative credit scores, we get a lot of questions from FICO’s clients. In this and the next few blog posts, I am going to address the most common ones. How Is EFL Different from Other Alternative Credit Scores ? What character traits are predictive of credit risk?

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FICO

OCTOBER 1, 2022

FICO Safe Driving Score Measures Driver Risk. To help make roads safer, FICO launched the FICO® Safe Driving Score in 2016 in partnership with eDriving, a Solera company and global risk management leader emphasizing proper education and reinforcement of safe driving behaviors. FICO Admin. Tue, 07/02/2019 - 20:36. by Can Arkali.

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FICO

JANUARY 19, 2023

Here are my three predictions for risk management and customer treatment in 2023. How credit and debit card spending and borrowing are changing over time. See all Posts chevron_left Blog Home expand_less Back To Top Related posts Four 2023 U.S. Acceleration of Hyper-Personalised Insights and Treatments Insight is everything.

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FICO

JANUARY 25, 2018

In a previous blog , I defined what is meant by a security or cybersecurity posture. Cyberattacks are no longer just a fight for your IT security team — they represent a risk to your entire business. You need to understand the liability and exposure to risk your business has and this cannot be achieved without accurate measurement.

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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

JANUARY 8, 2019

FICO Score hitting a new high in 2018 or the use of machine learning to challenge the score - dominated reader interest on the Risk & Compliance blog in 2018. credit quality. And an honorable mention to the most read Risk & Compliance post in December. Here are the five posts with the most views. Average U.S.

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FICO

OCTOBER 17, 2022

How data sharing can improve credit risk decisioning. The launch of the Open Finance Framework by Bangko Sentral ng Pilipinas (BSP) in 2021 was a big step forward in driving financial inclusion for millions of Filipinos across the market who still do not have access to credit. FICO Admin. Wed, 10/03/2018 - 23:42.

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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

JUNE 2, 2023

Home Blog Feed test Icing on the Cake: How the FICO Score and alternative data work best together Significant attention has been paid recently to the potential for use of alternative data to enhance the predictiveness and inclusiveness in credit scoring. More than 200 million U.S.

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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

MAY 4, 2018

In my last blog post, CECL for Auto Finance – Where Do I Start? If you haven’t retained or purchased historical FICO or behavior scores, now is the time to invest in back-populating so you have a stable, consistent credit risk measurement that you can include in your models and apply to your portfolio going forward.

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FICO

SEPTEMBER 28, 2018

The panel primarily focused on the opportunities and challenges associated with the use of Machine Learning (ML) in credit underwriting. We will dive into this further in future blogs so keep an eye out.). I called out some highlights from FICO’s recent white paper on this subject. (We

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FICO

MAY 19, 2023

In total, Prosper extended more than USD $225M in credit access to these consumers. Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores.

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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. It ensures appropriate risk-priced offers go to market far faster.

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FICO

JULY 30, 2019

Credit risk? Also, is there a clear and agreed fraud risk appetite that has exec sponsorship and is agreed by all stakeholders? Follow my posts on this blog for more information on telecom fraud prevention. Mel has held credit risk management positions at EE, Orange and Bank of America. Is it the fraud team?

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