Fico Collections

FEBRUARY 27, 2023

15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !

Retail 98

Retail Startups Banks Debt Management 98

Fico Collections

FEBRUARY 16, 2023

Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Learn how Customer Communications Services for Fraud helps protect customers from fraud in real time Learn more about FICO’s award-winning Retail Banking model 3.0

Banks 98

Banks Financial Institution Retail Financial services 98

Fico Collections

FEBRUARY 21, 2023

from November 2021 to November 2022) and the unemployment rate is expected to rise to 4.6% For example, the average interest rate on credit cards accruing interest in Q4 2022 was 20.40% compared to 16.44% in Q4 2021 (Source: Federal Reserve G.19 compared to December 2021 with average monthly spend staying flat.

Accrued Interest 52

Accrued Interest Retail Consumer Credit Government 52

Fico Collections

FEBRUARY 22, 2023

This rise occurred in a month when UK retail sales volumes were widely reported as being down relative to past years. But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006.

Financial Institution 52

Financial Institution Retail Financial services Consumer Credit 52

Fico Collections

APRIL 20, 2023

billion in scams in 2022, a 30% increase over 2021. How FICO Can Help Protect Against Scams Download the 2023 Global Scams Impact Report Explore FICO’s award-winning retail banking and scam detection model to identify and stop potentially fraudulent transactions.

Banks 52

Banks Education Financial Institution Retail 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 But scams, and the impact of scams, extend beyond individual bank accounts.

Banks 52

Banks Education Financial Institution Retail 52

Fico Collections

DECEMBER 5, 2022

Tue, 07/02/2019 - 02:45. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 million identity theft reports filed in 2021, many of which relate back to banks and lenders. Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. FICO Admin.

Banks 52

Banks Education Loans Financial Institution 52