Fico Collections

JUNE 1, 2023

This post explores applications and considerations for AI in financial services. AI that is biased, unexplainable and/or producing incorrect or inconsistent results can result in regulatory and compliance concerns for any financial institution unlucky enough to use it.

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Financial Institution Retail Banks Financial services 59

Fico Collections

JANUARY 5, 2023

Thu, 01/05/2023 - 16:00. For the millions of American consumers whose traditional credit files don’t fully reflect their financial history and readiness for credit, cash flow data provides a promising approach to fill in those gaps. FICO Admin. Thu, 08/22/2019 - 12:37. by Joanne Gaskin. expand_less Back To Top. In her role, Ms.

Financial Institution 52

Financial Institution Financial services Lender Banks 52

Fico Collections

JANUARY 18, 2023

The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. Wed, 01/18/2023 - 22:50. In pondering the regulatory and compliance horizon for 2023, the American Banking Association noted: . FICO Admin. Thu, 12/19/2019 - 16:29.

Financial services 52

Financial services Financial Institution Banks Government 52

Fico Collections

JANUARY 10, 2023

Tue, 01/10/2023 - 11:30. Few things change faster in the financial services space than fraud trends. We also heard from two Brazilian financial institutions about how they were leading the way in deploying WhatsApp as an integrated channel for customer communications and were seeing customer response rates of over 70%.

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Financial Institution Banks Education Retail 52

Fico Collections

JANUARY 4, 2023

Wed, 01/04/2023 - 14:05. For example, 78% of customers of financial institutions (FIs) globally say they would not prefer to open a car loan digitally. FICO global survey finds customers want better fraud protection and more security from their digital banking channels. FICO Admin. Tue, 07/02/2019 - 02:45.

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Personal loans Loans Banks Financial Institution 52

Fico Collections

NOVEMBER 1, 2022

Tue, 11/01/2022 - 10:40. The ability to detect, visualize and understand the relative risk of these fraud networks and map them across account and application portfolios is a step-change for financial institutions that want to understand their application fraud risk both pre- and post-book. . FICO Admin. by Fernando Lopez.

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Financial Institution Banks Financial services Loans 52

Fico Collections

JANUARY 11, 2023

Wed, 01/11/2023 - 14:25. 4 AI Predictions for 2023: From the Great Correction to Practical AI. I’m calling this new pragmatism Practical AI, and I predict this technology will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence,” Scott wrote. . Saxon Shirley.

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Government Banks Financial Institution Construction 52