Fico Collections

JUNE 7, 2022

Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update. Tue, 07/02/2019 - 02:45. 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. by Amir Sikander. expand_less Back To Top.

Financial Institution 52

Financial Institution Government Credit Management Financial services 52

Fico Collections

JULY 21, 2022

FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. Tue, 02/18/2020 - 14:57. Thu, 07/21/2022 - 15:30. Continuous Financial Education for Women Small Business Owners. by Joanne Gaskin. expand_less Back To Top.

Education 98

Education Financial services Financial Institution Banks 98

Fico Collections

FEBRUARY 22, 2023

See all Posts chevron_left Blog Home expand_less Back To Top Related posts US Bankcards Industry Benchmarking Trends: 2022 Q4 Update Canada Bankcard Industry Benchmarking Trends: Q4 2022 Update UK Credit Cards: More Consumers Missing Second, Third Payments

Financial Institution 52

Financial Institution Retail Financial services Consumer Credit 52

Fico Collections

JULY 18, 2022

Tue, 07/02/2019 - 02:45. Mon, 07/18/2022 - 18:40. FICO Fact: Can unconstrained AI/ML expand access to credit? FICO has been a pioneer in the use of machine learning (ML) in the financial services industry for over 25 years. by Can Arkali. expand_less Back To Top.

Financial services 52

Financial services Lender Collections 52

Fico Collections

NOVEMBER 15, 2022

Tue, 07/02/2019 - 02:45. Tue, 11/15/2022 - 11:25. FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. FICO Admin. by TJ Horan. expand_less Back To Top.

Trade 52

Trade Government Banks 52

Fico Collections

DECEMBER 12, 2022

Reflections 2022: The Power of Patents and the People Behind Them. In 2022, FICO was granted 11 new U.S. Tue, 07/02/2019 - 02:45. 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. software patents. FICO Admin. by Scott Zoldi.

Retail 52

Retail Banks 52

Fico Collections

OCTOBER 28, 2022

Tue, 07/02/2019 - 02:45. Fri, 10/28/2022 - 15:00. Looking further ahead to April 2022, and examining delinquencies of 30+ days past due, we see a 6% increase in the proportion of consumers with a delinquency of 30+ days past due in the last 12 months relative to April 2021. FICO Admin. by Erik Franco.

Credit Card Debt 52

Credit Card Debt Consumer Credit Credit Bureau Lender 52

Fico Collections

DECEMBER 13, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/13/2022 - 11:20. FICO’s 2022 Fraud and Customer Experience survey uncovered important insights about what FIs’ customers value most, particularly when opening new financial accounts or applying for loans. FICO Admin. by Sarah Rutherford. expand_less Back To Top.

Banks 52

Banks Financial Institution Loans 52

Fico Collections

NOVEMBER 30, 2022

Tue, 07/02/2019 - 02:45. Wed, 11/30/2022 - 16:30. In the UK, it accounted for £249 million in consumer losses for the first half of 2022. Artificial intelligence and machine learning models can help banks stop scams, prevent losses to fraudsters and improve customer experience. FICO Admin. by Debbie Cobb.

Banks 52

Banks Financial Institution Education Financial services 52

Fico Collections

FEBRUARY 10, 2023

NicholetteLarsen@fico.com Tue, 03/23/2021 - 22:16 by Tommy Lee Senior Director, Analytics and Scores expand_less Back To Top Fri, 02/10/2023 - 16:00 At the start of the pandemic, unemployment spiked and the CARES Act was passed to support those in financial need to pay their bills, including mortgage and auto loans. Lee holds a B.S.

Loans 52

Loans Lender Foreclosure 52

Fico Collections

NOVEMBER 21, 2022

Tue, 07/02/2019 - 02:45. Mon, 11/21/2022 - 15:15. With the World Bank predicting growth will slump in 2022 and many countries facing a cost-of-living crisis, the stakes for financial institutions are becoming higher. FICO Admin. by Sarah Rutherford. expand_less Back To Top. Why This Matters Now.

Financial Institution 52

Financial Institution Financial services Banks Loans 52

Fico Collections

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. Tue, 07/02/2019 - 02:45. Wed, 08/03/2022 - 12:40. by TJ Horan. expand_less Back To Top. A Greatest Hits Compilation.

Banks 52

Banks Financial Institution 52

Collection Industry News

JUNE 28, 2022

The comment period ends August 8, 2022. Commenters should include “PRO 02-21” in the subject line. The texts of the DFPI’s Notice of Proposed Rulemaking, Initial Statement of Reasons, and Proposed Rules are available here , here , and here.

Law Firms 40

Law Firms Financial Institution Trade Government 40

Fico Collections

JULY 1, 2022

Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Tue, 07/02/2019 - 02:45. Fri, 07/01/2022 - 13:40. Thanks again to all of those who attended FICO World 2022. by TJ Horan. expand_less Back To Top.

Banks 52

Banks Financial Institution 52

Fico Collections

APRIL 20, 2023

S&P Global Market Intelligence reports that in the second quarter of 2022 alone, real-time payroll payments more than doubled compared to the prior quarter and accounted for nearly 15% of total RTP volume. billion in scams in 2022, a 30% increase over 2021.

Banks 52

Banks Education Financial Institution Retail 52

Fico Collections

DECEMBER 20, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/20/2022 - 10:20. As I look back on 2022, I’m reluctant to lean too far into predictions for 2023. Given the regulatory winds in 2022, FIs can expect more intervention in 2023, although they are taking steps already to stay one step ahead of the regulators. FICO Admin. by TJ Horan.

Banks 52

Banks Financial Institution Education Collections 52

Fico Collections

MAY 2, 2023

Home Blog FICO How to Turn UK’s Consumer Duty Compliance to Your Advantage With the clock ticking to the 31 July FCA deadline, a FICO roundtable looked at the scale of the Consumer Duty challenge FICO Admin Tue, 07/02/2019 - 02:45 by Peter Lemon Lead Consultant expand_less Back To Top Tue, 05/02/2023 - 10:05 When the new Consumer Duty was first proposed (..)

Financial services 52

Financial services Banks Lender Collections 52

Fico Collections

NOVEMBER 2, 2022

Tue, 07/02/2019 - 02:45. Wed, 11/02/2022 - 13:35. As telcos make the transition from on-premises to cloud-based platform solutions, they need to get maximum value from the data sets, information sources and insights available. FICO Admin. by Tim Young. expand_less Back To Top.

Retail 52

Retail Acquisition Banks Collections 52

Fico Collections

FEBRUARY 1, 2023

See all Posts chevron_left Blog Home expand_less Back To Top Related posts Top 5 Debt Collection Posts of 2022: Crisis and Opportunity FCA’s Consumer Duty Mandates Sharper Use of Technology Digital Collections: 7 Things That Can Make You More Successful It’s driven by a combination of inflation, rising interest rates and higher energy costs.

Lender 52

Lender Credit Bureau Collections Acquisition 52

Fico Collections

OCTOBER 12, 2022

Tue, 07/02/2019 - 02:45. Wed, 10/12/2022 - 15:35. Here's how technology from the banking space can help telcos compete with aggressively competitive sales and retention tactics. FICO Admin. by Tim Young. expand_less Back To Top. Telcos are entering a brave new world of aggressively competitive sales and retention tactics.

Acquisition 96

Acquisition Retail Banks Financial services 96

Fico Collections

DECEMBER 13, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/13/2022 - 10:40. Digital collections isn't a new concept, but it has taken on additional relevance in the current economic environment. Here are some tips for success. FICO Admin. by Ulrich Wiesner. expand_less Back To Top. This story of digital collections starts with Steve Jobs.

Collections 52

Collections Retail Banks Loans 52

Fico Collections

NOVEMBER 16, 2022

Tue, 07/02/2019 - 02:45. Wed, 11/16/2022 - 20:10. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers.

Financial Institution 52

Financial Institution Banks Retail 52

Fico Collections

MARCH 21, 2023

Just over 40% of respondents said that volatility in the securitization market in 2023 would be higher than 2022, and another 36% believe it will be about the same. Only 23% expect volatility to be lower in 2023 than it was in 2022. Greater volatility in the securitization market is anticipated this year.

Financial Institution 52

Financial Institution Financial services Lender Consumer Credit 52

Fico Collections

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022). Tue, 02/18/2020 - 14:57. Thu, 12/08/2022 - 16:00. 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.

Lender 52

Lender Acquisition Financial services Loans 52

Fico Collections

JUNE 22, 2022

6 Digital Transformation Trends Highlighted at FICO World 2022. Tue, 07/02/2019 - 02:45. Wed, 06/22/2022 - 12:30. Innovation in digital transformation and emerging trends were firmly front-of-mind this year at FICO World 2022. FICO World 2022: Digital Transformation Success Stories. expand_less Back To Top.

Financial Institution 52

Financial Institution Banks Lender Government 52

Fico Collections

JANUARY 4, 2023

Tue, 07/02/2019 - 02:45. FICO’s 2022 consumer banking fraud survey shows that customers are split in their thinking on when they sufficiently trust a digital channel to apply for a new account, loan, or credit card. . Despite Rapid Adoption of Digital Channels, Customer Trust Lags. FICO Admin. by Sarah Rutherford.

Personal loans 52

Personal loans Loans Banks Financial Institution 52

Burr Forman

AUGUST 31, 2021

Employers Should Plan Now for 2022 Health Care Transparency Rules (Source: BenefitsPro, 2021-08-17). Administration Requests 17% Increase in OSHA Funding for 2022 (Source: HR Dive, 2021-07-22). Data Highlights Evolution of EEOC’s Federal Discrimination Charges (Source: HR Dive, 2021-08-02). Coronavirus Resource Center.

Manufacturing 40

Manufacturing Government 40

Fico Collections

NOVEMBER 29, 2022

Tue, 07/02/2019 - 02:45. Tue, 11/29/2022 - 10:30. Monolithic architecture hinders the evolution of cloud-hosted platforms — microservices are proving more effective at meeting insurers' demands for agility. FICO Admin. by Darran Simons. expand_less Back To Top. Agility is everything right now for insurers.

Financial Institution 52

Financial Institution Financial services Banks 52

Collection Industry News

SEPTEMBER 6, 2022

OverPower Marketing, LLC, September 02, 2022. The Preferred Group of Tampa, a collection agency in Tampa, FL, has announced that they are addressing the common complaints regarding debt collection. Debt collectors are never going to be popular, but we want to make sure people are treated honestly and fairly.”. David Kelley.

Collection Agencies 40

Collection Agencies Collections Agency Collections Debt collector 40

Fico Collections

JUNE 23, 2022

Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. Tue, 07/02/2019 - 02:45. Thu, 06/23/2022 - 12:40. Thanks to all of our customers and FICO colleagues worldwide who attended FICO World 2022.

Acquisition 52

Acquisition Financial Institution Banks Government 52

Fico Collections

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. Tue, 07/02/2019 - 02:45. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Card Skimming Fraud Grows 700+% in First Half of 2022. FICO Admin.

Financial Institution 52

Financial Institution Banks Education Retail 52

Fico Collections

JANUARY 3, 2023

Tue, 07/02/2019 - 02:45. Wed, 12/28/2022 - 10:15. Bruce Curry has been named to the Credit 500 in 2020, 2021 and 2022. He retired in 2022. As economic victims swell the collections queue, do you have the tools you need to differentiate them and apply the correct treatments to different cohorts? FICO Admin.

Collections 52

Collections Lender Creditworthiness Creditors 52

Fico Collections

JULY 6, 2023

billion in estimated authorized user/scam losses in the US in 2022, £485 million lost in the UK in 2022, 125 million scam victims in Brazil in 2021 (a shocking 59% of the population). The global figures are staggering — $8.8

Banks 52

Banks Education Financial Institution Retail 52

Fico Collections

SEPTEMBER 7, 2022

Tue, 07/02/2019 - 02:45. Wed, 09/07/2022 - 09:50. In Q1-2022 debt was at 131.3% — and rising fast amid predictions it may top 2008 levels. Bruce Curry has been named to the Credit 500 in 2020, 2021 and 2022. FICO Admin. by Bruce Curry. Senior Principal Consultant. expand_less Back To Top. in Q2-2008. See all Posts.

Collections 52

Collections Lender Banks Creditors 52

Collection Industry News

MAY 23, 2022

The FDIC approved a final rule implementing its statutory authority to prohibit any person or organization from making misrepresentations about FDIC deposit insurance or misusing the FDIC’s name or logo.

Banks 40

Banks Collections 40

Fico Collections

AUGUST 11, 2022

Tue, 07/02/2019 - 02:45. Thu, 08/11/2022 - 10:05. Instead of supporting a piecemeal set of disconnected enterprise applications, IT can lead the way in advocating for platform-based solutions that will scale across use cases. by Richard Lagerweij. expand_less Back To Top.

Banks 52

Banks Financial Institution Financial services Government 52

Fico Collections

DECEMBER 5, 2022

Tue, 07/02/2019 - 02:45. Mon, 12/05/2022 - 15:10. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. FICO Admin.

Banks 52

Banks Education Loans Financial Institution 52