Remove 2023 01
article thumbnail

4 AI Predictions for 2023: From the Great Correction to Practical AI

Fico Collections

4 AI Predictions for 2023: From the Great Correction to Practical AI. A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence. Thu, 12/01/2022 - 11:05. Here are my predictions for Practical AI in 2023: 1. by Scott Zoldi.

article thumbnail

2023 FICO Decisions Awards Now Open

Fico Collections

2023 FICO Decisions Awards Now Open. Thu, 08/04/2022 - 10:01. I am excited to announce that our 2023 FICO Decisions Awards are now open! Nominations are due October 28, 2022 , and winners will be announced on January 26, 2023. in Hollywood, Florida, May 16-19, 2023. Saxon Shirley. by Nikhil Behl.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘FICO Drift’: What Is It, and What Causes It?

Fico Collections

Note that this odds-to-score relationship peaked in the first years after the onset of the COVID-19 pandemic, when government stimulus, lender payment accommodation and other tactics aimed at mitigating the financial impacts of the pandemic on borrowers led to historically low default rates. auto, mortgage, personal loan) and lifecycles (e.g.,

Lender 52
article thumbnail

The State of Responsible AI in Financial Services

Fico Collections

Wed, 01/18/2023 - 22:50. government regulation at this moment, self-regulation will keep financial services firms “on the rails” of ethical AI use, mitigating bias and imbuing responsibility. . In pondering the regulatory and compliance horizon for 2023, the American Banking Association noted: . FICO Admin.

article thumbnail

Risk and Lending Predictions 2023: Hyper-Personalisation and More

Fico Collections

The combination of events prompted unprecedented levels of financial support being provided by governments around the world to both individuals and businesses to enable them to survive the economic consequences. Here are my three predictions for risk management and customer treatment in 2023.

Banks 52
article thumbnail

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

Fico Collections

Thu, 01/05/2023 - 16:00. 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. Thu, 08/22/2019 - 12:37. by Joanne Gaskin.

article thumbnail

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules

Fico Collections

Tue, 01/10/2023 - 11:30. As Sarah Rutherford explained, a cross-party Treasury Select Committee has called on the UK government to do more to ensure that the victims of authorised push payment scams are reimbursed. See our fraud predictions for 2023. 5 Ways Digital Payments Will Change FIs and Fraud in 2023.