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FICO Ranks Top 5 in the 2023 Chartis RiskTech100® Report

Fico Collections

Fri, 06/03/2022 - 12:24. Mon, 11/21/2022 - 20:30. Retail Credit Analytics. Innovation – Retail Finance (*New category win for FICO). FICO is a Top 10 RiskTech Company in the 2022 Chartis RiskTech100® Report. asokolowski. by Darryl Knopp. expand_less Back To Top. Artificial Intelligence Applications.

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UK Cards Data: Increase in Cardholders Missing Two Payments

Fico Collections

January saw inflation slightly pegged back compared to the end of 2022; retail sales also improved marginally in the new year. Highlights Average total sales per card down 8 percent compared to December 2022 at £755 Percentage of credit card accounts with two missed payments 13.6

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Our Scams Model Just Won an Award for Machine Learning

Fico Collections

Wed, 05/25/2022 - 03:43. Mon, 12/19/2022 - 11:30. Last month this scams model won the Machine Learning in Credit and Collections Award at the 2022 Credit & Collections Technology Awards. transaction review rate than the Falcon Retail Banking fraud score. Saxon Shirley. by Scott Zoldi. Chief Analytics Officer.

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US Bankcard Industry Benchmarking Trends: 2022 Q2 Update

Fico Collections

US Bankcard Industry Benchmarking Trends: 2022 Q2 Update. Wed, 05/25/2022 - 03:43. Tue, 08/16/2022 - 15:30. Then in the Spring of 2022, the Federal Reserve began increasing interest rates slowly because they believed that inflation was going to be short-lived. in June 2022 is 10.7% Saxon Shirley.

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US Bankcards Industry Benchmarking Trends: 2022 Q3 Update

Fico Collections

US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. Tue, 03/23/2021 - 22:16. Tue, 12/06/2022 - 16:00. The industry data from FICO® Advisors’ Risk Benchmarking solution for Q3 2022 shows credit card balances increasing while payment rates are starting to slip. NicholetteLarsen@fico.com. by Leanne Marshall.

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Defending Your Fully Digital Wallet Against Fraud

Fico Collections

In the UK more than 23 million people used basically no cash in 2022. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. The government is so concerned about cash disappearing they have written legislation that would require retailers to accept cash payments.

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US Bankcard Industry Benchmarking Trends: 2022 Q1 Update

Fico Collections

US Bankcard Industry Benchmarking Trends: 2022 Q1 Update. Fri, 06/03/2022 - 12:48. Thu, 06/16/2022 - 15:00. The first quarter of 2022 brought rising inflation and rising interest rates while unemployment is back to pre-COVID levels. The average balance of $2,379 in March 2022 is down 6.2% by Leanne Marshall.