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.

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

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.

Credit Risk 52

Credit Risk Risk Assessment Assessments B2C 52

FICO

JANUARY 10, 2017

The “innovation” VantageScore claims can score more people is simply the weakening of credit score criteria. The minimum criteria needed to produce the FICO Score aren’t arbitrary — they are the result of decades of research into risk assessment. In a previous post , I pointed out that our research showed around 7.4

Research 81

Research Consumer Risk Assessment Risk 81

FICO

SEPTEMBER 15, 2022

We have been on a journey in Saudi since 2011, to grow lending and increase financial inclusion through the adoption of advanced risk assessment tools,” said Swaied Alzahrani, CEO of SIMAH. Prior to the implementation, lenders in the region had been relying heavily on salary data to assess a consumer’s propensity to repay a loan.

Financial Inclusion 52

Financial Inclusion Risk Assessment Assessments Risk 52

PYMNTS

NOVEMBER 16, 2018

The FI will use PayNet’s Credit History Report and MasterScore v2 as part of its efforts to fully digitize the SMB lending process, with the PayNet solutions enabling the bank to automate risk assessment and loan approvals for borrowers. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L.

Community Banks 53

Community Banks Small Business Risk Assessment Underwriting 53

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. We agree with consumer advocates that this is a legitimate concern. Joanne Gaskin.

Consumer 52

Consumer Underwriting Credit Risk Assessments 52

FICO

FEBRUARY 6, 2017

The secondary market requires all of the participants to effectively model credit risk and prepayments. The FICO® Score is an important input into the default and prepay models, which form the core analysis in support of the To Be Announced (TBA) and credit risk transfer markets. When a 700 Isn’t a 700.

Credit Risk 40

Credit Risk Risk Assessment Risk Payer 40

FICO

JANUARY 8, 2019

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. Since bottoming out at a score of 686 in October 2009, we have seen eight consecutive years of increases in the national average FICO Score.

Compliance 40

Compliance Posting Risk Risk Assessment 40

PYMNTS

SEPTEMBER 29, 2017

Managing liquidity and credit risk are definitely of main concern to FIs. However, interest rates, FX, commodity and derivatives risk, as well as operational risk, should not be disregarded.”. Beaulande added that advanced analytics technology is now a must-have for banks to adequately manage these risks.

Treasury 56

Treasury Addressing Treasury Management FinTech 56

PYMNTS

JANUARY 25, 2019

The company said the focus on smaller firms and eCommerce comes as its own internal data has shown that as much as 24 percent of monthly revenues by small- to mid-sized businesses (SMBs) are tied up in accounts receivable or trade credit, which stymies cash flow. Forrester Research found that, in the U.S. focused B2B sales.

B2B 63

B2B B2C Payment APIs and Integration Point-of-Sale (POS) 63

PYMNTS

APRIL 19, 2016

Nearly half of B2B sales to corporate buyers within western Europe were transacted on credit, according to a new report from Atradius, a trade credit insurance and risk assessment company. In what Atradius described as “a quite staggering percentage,” 92.4 Looking Deeper Into The Cause.

Cross-Border 40

Cross-Border B2B Payments Cross-Border Payments 40

PYMNTS

FEBRUARY 29, 2016

The company, which provides data and business intelligence solutions, like credit ratings and research for the financial world, said Thursday (Feb. Finagraph similarly provides automated data aggregation and analysis, with a focus on helping banks be able to assess the creditworthiness of small and medium-sized enterprises.

Assessments 40

Assessments Small Business Credit Risk Risk Management 40

FICO

APRIL 24, 2023

Trust combines this fast onboarding journey with comprehensive risk assessment by using predictive models, analytics and parameters built into its decision engine. We combine risk management fundamentals with data science and customer segmentation to help us arrive at optimum risk outcomes,” said Lohia. “We

Near Real-Time 52

Near Real-Time Risk Management Credit Cards Risk 52

FICO

FEBRUARY 7, 2023

Developed by FICO in partnership with LexisNexis Risk Solutions and Equifax, this innovative credit score utilizes alternative data—data not included in the traditional credit bureau file. The inclusion of this alternative data leads to a more reliable estimate of consumer credit risk and helps score more than 26.5

BNPL 52

BNPL Posting Underwriting Consumer 52

FICO

MARCH 6, 2020

Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules. Our KYC solution supports real-time customer risk classification including UBO and PEP identification.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

FICO

OCTOBER 11, 2019

There are three national credit bureaus (Equifax, Experian and TransUnion) and FICO® Scores are calculated/distributed by each of the three. . There are “base” versions of the score as well as industry-specific versions for auto and bankcard risk assessment. As an analogy, think of evolution of smartphones.

Credit Cards 40

Credit Cards Accounts Assessments Credit Limit 40

Finovate

JANUARY 27, 2025

Mifundo Mifundo offers data technology to unify and passport credit data in Europe, providing banks with a standardized credit risk assessment.

AI 52

AI Compliance Cybersecurity Automation 52