Remove 2019 08
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America’s AI Bill of Rights is the Right Idea – and It’s About Time

Fico Collections

Thu, 08/22/2019 - 12:37. There are rules governing citizens’ exposure to myriad potentially harmful actions, and decisions made by unsafe algorithms should not be overlooked. It also requires a rigorous AI governance framework, in order to demonstrate adherence to established standards and auditable AI in deploying these tools.

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Cash Flow Data Can Improve Credit Access with an UltraFICO® Score

Fico Collections

Thu, 08/22/2019 - 12:37. But the optimism around the potential of incorporating cash flow isn’t limited to FICO – we’ve been excited to see recent initiatives by the government-sponsored enterprises , for example, to consider cash flow as part of mortgage underwriting.]. FICO Admin. by Joanne Gaskin. expand_less Back To Top.

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How Banking CIOs Can Deliver Data-Driven Intelligence at Scale

Fico Collections

Thu, 08/22/2019 - 12:37. Wed, 08/03/2022 - 12:10. With increased regulatory scrutiny, CIOs in banking and finance need to work closely with their Chief Risk Officers and fellow business counterparts to ensure robust governance covering the use of data, analytics, and all aspects related to model risk management.

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U.S. Foreclosure Starts Reach Pre-Pandemic Levels Nationwide

Collection Industry News

ATTOM Data Solutions, September 08, 2022. Two years after the onset of the COVID-19 pandemic, and after massive government intervention and mortgage industry efforts to prevent defaults, foreclosure starts have almost returned to 2019 levels,” said Rick Sharga, executive vice president of market intelligence at ATTOM.

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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

Fico Collections

Tue, 08/30/2022 - 12:00. Those consumers with FICO® Scores between 550 and 599 as of April 2021 saw an increase of 7 points to their average score within the year span -- on par with the increase observed during the pre-pandemic period of April 2019 to April 2020. . by Ethan Dornhelm. expand_less Back To Top.

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Collecting in a Post-Pandemic Economy

Katabat

In the 3 quarters from 4Q 2019 through 2Q 2020 industry reserves more than doubled, and in that time went from a generational low (1.15% in 3Q 2019) climbing to nearly 60% of the 2008 recession peak by mid-2020. Amazingly, the industry pivoted deftly and continued to operate with strong success. We all know what actually happened.

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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

Fico Collections

Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020. The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience.

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