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. Read the full customer development post 2.

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Posting Online and Mobile Banking Credit Limit Risk 52

FICO

JANUARY 31, 2019

FICO's research team explored this topic in a new paper, “Developing Transparent Credit Risk Scorecards More Effectively: An Explainable Artificial Intelligence Approach”. Research into AI and Machine Learning for Credit Scoring. To learn more, see these recent blog posts.

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Research AI Federal Reserve Credit Risk 40

FICO

JANUARY 11, 2023

Top 5 Decision Management Posts of 2022: AI and Digital Jane. 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. Here are the top 5 posts from 2022. Saxon Shirley.

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AI Posting Audit Governance 52

FICO

JUNE 2, 2023

At FICO, we have been on the frontlines of this challenge for decades, working tirelessly to identify sources of safe and reliable alternative data to enhance the risk prediction of our scores, including our industry-leading FICO® Scores, such as the UltraFICO™ Score. More than 200 million U.S.

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Credit Risk Financial Inclusion Risk Assessment Assessments 52

FICO

AUGUST 1, 2018

Some of the above difference between these three groups can also be attributed to differences in their credit risk profiles. The post FICO Research: Does Student Loan Debt Impact Millennial Homeownership? appeared first on FICO.

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Research Credit Risk Consumer Risk 60

Finovate

DECEMBER 19, 2023

Liquidnet will leverage bondIT’s Scorable Credit Analytics to help traders better anticipate market trends. The technology will also help them mitigate credit risk and make more informed decisions quicker. Embedded is bondIT’s end-to-end, integrated portfolio construction, research, and trading solution.

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AI Research Credit Risk Mitigation 104

FICO

JANUARY 8, 2019

Here are the five posts with the most views. credit quality. Read the full post. This blog by Ethan Dornhelm looked at FICO's research project to see just how much predictive lift unconstrained, state-of-the-art machine learning techniques might bring to the FICO® Score. Read the full post. Read the full post.

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Compliance Posting Risk Risk Assessment 40

FICO

JANUARY 3, 2017

Chief among your interests were analytic innovation, credit risk, regulatory compliance, customer experience and mobile payments. Here’s a recap of our top 10 most popular posts published in 2016: US Credit Quality Rising … The Beat Goes On – Ethan Dornhelm shares FICO research showing how US consumer credit quality continues to climb.

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Posting AML Money Laundering Regulatory Compliance 53

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. in management science/operations research from UC San Diego.

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Credit Risk Risk Assessment Assessments B2C 52

The Fintech Times

APRIL 15, 2024

. “AI’s contribution extends to intelligent underwriting, where it enables the creation of sophisticated risk profiles by analysing a wide range of data, including non-traditional indicators that might be overlooked in manual processes. ” The post How Has AI Impacted the Embedded Finance Space in Recent Years?

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Embedded Finance AI Finance Assessments 134

CB Insights

AUGUST 25, 2022

As digital lending services continue to gain traction, lenders are prioritizing technology solutions for automated underwriting, fraud prevention, loan application, and credit risk analysis. Want the full expert post? download the STATE OF FINTECH Q2 2022 report. hbspt.forms.create({. onFormReady: function ($form) {.

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Origination Automation Underwriting Fraud Prevention 36

FICO

SEPTEMBER 28, 2017

One partnership that may surprise some people is with EFL Global , a leading alternative credit scoring company. The EFL score uses psychometrics and behavioral data to measure a person’s credit risk based on an applicant’s answers to a series of interactive questions and exercises administered via an online assessment.

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Credit Risk Assessments Online and Mobile Banking Risk 74

FICO

JANUARY 9, 2019

Here were the top 5 posts in the Analytics & Optimization category last year. Read the full post. The models are then deployed to live a happy life scoring credit risk and fraud likelihood, finding pictures of Chihuahuas and muffins , or flagging insulting tweets. Read the full post. Read the full post.

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Posting AI Fraud Detection Non-Bank 40

PYMNTS

JULY 8, 2020

Fighting Fraud in a Post-Pandemic World. The two executives said acquirers need to have better fraud management solutions than ever before, because the pandemic has prompted consumers to use credit cards for more online and app-based transactions. AI Also Helps Manage Credit Risk.

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Visa AI Credit Risk Risk 109

Fintech Finance

JANUARY 16, 2024

The same research ranked trade credit as a leading payment option preferred by business buyers. With minimal integration required, TreviPay’s Universal Acceptance solution enables suppliers who are already accepting credit cards to quickly and easily offer net-terms financing to their qualified buyers, while taking on no credit risk.

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Credit Cards B2B Visa Payment APIs and Integration 52

The Fintech Times

JULY 24, 2024

” Solving data issues According to Nick Maynard , VP of fintech market research at Juniper Research , a lack of certain data sources has made improving access to finance an issue in developing countries. ” The post What are Developing Countries Doing to Improve Access to Finance?

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

FICO

SEPTEMBER 27, 2021

In our previous blog post I examined the shifting regulatory landscape, recent changes in bank overdraft program changes, and what’s next with regulations on overdraft. In this, my second post on overdraft, I will explore new approaches banks should consider. post grace period). Consider the following setting.

Credit Risk 52

Credit Risk BNPL Credit Cards Assessments 52

The Fintech Times

JUNE 22, 2024

According to Juniper Research , BNPL users are expected to reach 900 million worldwide by 2027. The post Apple Takes a Step Back From Traditional Finances as It Announces Closure of Apple Pay Later appeared first on The Fintech Times. ” Why get involved?

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BNPL Finance Alternative Payment Methods Payment Gateways 72

FICO

JULY 18, 2022

Machine Learning is simply another analytic technique; one that can help produce highly predictive credit scores which must also be explainable, with two important caveats: . The use of Machine Learning must be balanced with deep domain expertise in credit risk modeling. See all Posts. Related posts. Can Arkali.

AI 52

AI Financial Inclusion Fraud Detection CFPB 52

FICO

OCTOBER 10, 2022

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. See all Posts. Related posts. Joanne Gaskin. Prior to joining FICO, Ms.

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Consumer Underwriting Credit Risk Assessments 52

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. You can read more about this story in the full media release.

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Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

The Fintech Times

MARCH 9, 2024

. “Regulation of the sector would bring it in line with existing forms of credit, and improve transparency while offering greater customer protection. ” Fintech pips banks to the post In many cases, we often see how incumbent banks remain the most trusted organisations in the financial world.

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BNPL Risk Management Risk Push-to-Card 72

FICO

APRIL 6, 2018

How are advances in artificial intelligence and machine learning changing credit risk assessment? On Tuesday, April 17, 1:30-2:30, my colleague Ethan Dornhelm and I will show that machine learning offers tremendous efficiencies for research “in the lab”. Join me at this session on Thursday, April 19, 10:15-11:15.

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Credit Risk Risk Assessment AI Risk 89

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. revolver vs. transactor).

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Credit Risk Underwriting Origination Fed 63

CB Insights

APRIL 22, 2020

The government has backstopped these loans so that lenders can take on minimal credit risk; however, alt lenders carry existing credit risk from non-government-backed SMB loans — and the longer the economy remains on pause, the higher the likelihood these alternative lenders will suffer increased losses resulting from existing borrower defaults.

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FinTech Processors Government Governance 87

PYMNTS

OCTOBER 7, 2016

Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. QIWI announced on Thursday (Oct. 6) it has acquired a 100 percent ownership stake in FinTech startup Plati Potom.

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Cross-Border Credit Risk Risk Management Acquirers 55

FICO

JUNE 4, 2019

What about reducing credit card balances? New FICO research simulated how different credit events may impact FICO® Score 9 for five different credit profiles, as seen in Figure 1 below. These representative profiles were selected because they had credit characteristics (payment history, utilization, etc.)

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Credit Risk Credit Cards Risk Accounts 40

Stax

AUGUST 29, 2024

PSPs share the credit costs for fraudulent transactions and chargebacks , which is why their platforms tend to come with advanced features for detecting and preventing fraudulent transactions. Credit risks created by fraudulent activities are also the reason why most PSPs prohibit high-risk merchants from their platforms.

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Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

FICO

JUNE 22, 2020

In the first post in this series , I looked under the hood of the indirect automobile lending experience, reviewing the sophisticated software and prescriptive analytics that are necessary to transform it. In today’s post I will be exploring customer acquisition and retention in the telecommunications space. Service coverage?

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Acquirers Credit Risk Origination Posting 52

FICO

SEPTEMBER 13, 2017

The National Consumer Assistance Plan (NCAP) is a comprehensive series of initiatives intended to evaluate the accuracy of credit reports, the process of dealing with credit information, and consumer transparency. The post NCAP Medical Collection Removals are Rare and Have No Material Impact to FICO® Scores appeared first on FICO.

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Assessments Credit Risk Risk Consumer 74

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. Do Machine Learning Models Bring Predictive Improvements?

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Volume Credit Risk Compliance Risk 52

FICO

MAY 7, 2018

Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry. A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer.

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Financial Inclusion Innovation Credit Risk Underserved 77

The Fintech Times

APRIL 20, 2024

Research from Juniper Research has revealed that by 2028, the BNPL userbase will increase by 107 per cent to, from 380 million users in 2024. The state of BNPL in 2024 Juniper Research found that despite fintech companies commanding the BNPL market for years, 2023 saw a major shift, as superapps and banks gained traction. .”

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BNPL Regulations On-Demand Checks 72

FICO

AUGUST 29, 2022

Regardless of this uncertainty, FICO’s mission is clear: to help lenders understand the credit risk that each borrower represents and make better-informed lending decisions and to educate and empower consumers. in management science/operations research from UC San Diego. See all Posts. Related posts. Average U.S.

Consumer 98

Consumer Credit Cards Payments Governance 98

The Fintech Times

DECEMBER 19, 2023

Liquidnet, a technology-driven agency execution specialist, and bondIT , a provider of next-generation investment technology, unveiled a partnership to integrate bondIT’s Scorable Credit Analytics into Liquidnet’s Fixed Income electronic trading platform. Zangari as partner and head of Americas.

FinTech 59

FinTech Multi-Currency Agreements Risk Management 59

FICO

MAY 8, 2019

“The FICO tool has allowed the risk and business intelligence teams to create a targeted approach to auto approval rules management, as evidenced by a year-over-year increase,” said Brandon Hunt, director of credit risk at Worldpay. “By The 2018 judges are: Sid Dash, research director at Chartis Research.

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Underwriting Best Practices Risk Rules 51

FICO

FEBRUARY 28, 2017

In my last blog post , I shared a new FICO research study on credit trends in auto lending. This shift may signal an increase in credit risk for the industry because six-year loans have historically had higher delinquency rates. The post Auto Loan Credit Quality: Hazardous Road Conditions Ahead?

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Underwriting Credit Risk Risk Accounts 56