Fico Collections

OCTOBER 18, 2022

Tue, 07/02/2019 - 02:45. Tue, 10/18/2022 - 10:50. . I’m proud to report that Naomi Palmer, one of FICO’s fraud consultants, won a silver award for ‘Team Player of the Year’ at the Women in Credit Awards 2022 , sponsored by Credit Strategy. Read Fraud Trends for 2022: Top 5 Includes ‘Scamdemic’ and Bad Bots. FICO Admin.

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Fico Collections

JUNE 30, 2022

Thu, 05/12/2022 - 07:46. Thu, 06/30/2022 - 15:00. In July 2022, the three consumer reporting agencies (CRAs) are scheduled to change the handling of certain medical collections in the credit file: Paid medical collections will no longer be reported. Medical Collection Removals Have Little Impact on FICO Scores.

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Fico Collections

FEBRUARY 21, 2023

Home Blog FICO Canada Bankcard Industry Benchmarking Trends: Q4 2022 Update Ready for a recession? An insider look at bankcard and consumer trends in Canada FICO Admin Tue, 07/02/2019 - 05:19 by Amir Sikander expand_less Back To Top Tue, 02/21/2023 - 16:00 Recession talks have increased over the last few months. lower compared to 2019.

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Fico Collections

AUGUST 16, 2022

Canada Bankcard Industry Benchmarking Trends: Q2 2022 Update. Thu, 05/12/2022 - 07:46. Tue, 08/16/2022 - 15:30. On July 13th, 2022, Bank of Canada raised its target overnight rate to 2.5%, an increase of an entire percentage point. Consumer inflation in June 2022 is up 8.1% Saxon Shirley. by Amir Sikander.

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Banks Financial services Financial Institution Collections 52

Fico Collections

FEBRUARY 21, 2023

Another full year is in the books As 2022 came to a close, the economic environment in the United States is teetering on the edge of a recession. Inflation is easing as funding rates have risen to 15-year highs, but the technology sector is beginning to lay off employees in masses – through 2022 low levels of unemployment kept the U.S.

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Accrued Interest Retail Consumer Credit Government 52

Fico Collections

MARCH 28, 2023

We have also organized regional forums for female leaders in fintech, such as a recent Women in Leadership event held in Toronto in December 2022. Nadia Benitez, head of authorization and fraud risk at Swisscard, was at FICO World 2022 and was inspired by the goals and results of our FICO Women Leaders program.

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Financial services 52

Fico Collections

AUGUST 8, 2022

2022 Data Science and AI Predictions Revisited. Thu, 05/12/2022 - 07:46. Mon, 08/08/2022 - 15:30. In the past couple of weeks, vacationing off the grid in Alaska , I’ve had a chance to think about how prescient my 2022 predictions for AI and data science may or may not be. Where Are We Now? Saxon Shirley.

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Fico Collections

OCTOBER 19, 2022

Highlighting results from FICO’s release of FICO ® Resilience Index benchmarking reports for 2022. Wed, 10/19/2022 - 15:00. Figure 1: Serious (90+ days past due) delinquency rate by FICO® Score 8 band and FICO® Resilience Index 2 quintile, all industries account management Oct 07-Oct 09. FICO Admin. Thu, 12/19/2019 - 16:29.

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Lender 52

Fico Collections

JULY 1, 2022

Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Tue, 07/02/2019 - 02:45. Fri, 07/01/2022 - 13:40. Thanks again to all of those who attended FICO World 2022. by TJ Horan. expand_less Back To Top.

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Fico Collections

DECEMBER 1, 2022

Tue, 07/19/2022 - 16:11. Thu, 12/01/2022 - 11:05. There’s no way to sugarcoat it: 2022 was a rough year for businesses. 2022 Data Science and AI Predictions Revisited. JessicaButalla@fico.com. by Scott Zoldi. expand_less Back To Top. See all Posts. chevron_left Blog Home. expand_less Back To Top. Related posts.

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Fico Collections

DECEMBER 12, 2022

Reflections 2022: The Power of Patents and the People Behind Them. In 2022, FICO was granted 11 new U.S. Tue, 07/02/2019 - 02:45. Mon, 12/12/2022 - 16:00. As 2022 draws to a close I am reflecting on what has been a very challenging year for the world at large. software patents. FICO Admin. by Scott Zoldi.

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Fico Collections

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Thu, 12/08/2022 - 16:00. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off. Building portfolio risk resilience into customer acquisition. FICO Admin.

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Fico Collections

OCTOBER 28, 2022

Tue, 07/02/2019 - 02:45. Fri, 10/28/2022 - 15:00. Looking further ahead to April 2022, and examining delinquencies of 30+ days past due, we see a 6% increase in the proportion of consumers with a delinquency of 30+ days past due in the last 12 months relative to April 2021. FICO Admin. by Erik Franco. expand_less Back To Top.

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Credit Card Debt Consumer Credit Credit Bureau Lender 52

Fico Collections

NOVEMBER 15, 2022

Tue, 07/02/2019 - 02:45. Tue, 11/15/2022 - 11:25. FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. FICO Admin. by TJ Horan. expand_less Back To Top.

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Fico Collections

AUGUST 30, 2022

Tue, 07/19/2022 - 16:11. Tue, 08/30/2022 - 09:30. Review 2022 winners of FICO Decisions Awards using decision optimization: Credit Card Limit Optimization: Akbank Wins with FICO Analytics. The SEIO-BBVA prize for best applied contribution in operations research goes to a team including FICO’s Selene Silvestri.

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Loans Trade Financial services 52

Fico Collections

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Tue, 07/02/2019 - 02:45. Wed, 08/03/2022 - 12:40. by TJ Horan. expand_less Back To Top. A Greatest Hits Compilation.

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Banks Financial Institution 52

Fico Collections

DECEMBER 13, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/13/2022 - 11:20. FICO’s 2022 Fraud and Customer Experience survey uncovered important insights about what FIs’ customers value most, particularly when opening new financial accounts or applying for loans. FICO Admin. by Sarah Rutherford. expand_less Back To Top. Customers Prefer Easy & Safe.

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Fico Collections

NOVEMBER 30, 2022

Tue, 07/02/2019 - 02:45. Wed, 11/30/2022 - 16:30. In the UK, it accounted for £249 million in consumer losses for the first half of 2022. Artificial intelligence and machine learning models can help banks stop scams, prevent losses to fraudsters and improve customer experience. FICO Admin. by Debbie Cobb.

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Fico Collections

NOVEMBER 21, 2022

Tue, 07/02/2019 - 02:45. Mon, 11/21/2022 - 15:15. With the World Bank predicting growth will slump in 2022 and many countries facing a cost-of-living crisis, the stakes for financial institutions are becoming higher. FICO Admin. by Sarah Rutherford. expand_less Back To Top. Why This Matters Now.

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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

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Banks Education Financial Institution Retail 52

Fico Collections

SEPTEMBER 7, 2022

Tue, 07/02/2019 - 02:45. Wed, 09/07/2022 - 09:50. In Q1-2022 debt was at 131.3% — and rising fast amid predictions it may top 2008 levels. Bruce Curry has been named to the Credit 500 in 2020, 2021 and 2022. FICO Admin. by Bruce Curry. Senior Principal Consultant. expand_less Back To Top. in Q2-2008. See all Posts.

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Fico Collections

JULY 15, 2022

Mon, 02/21/2022 - 07:59. Fri, 07/15/2022 - 08:15. Financial Inclusion Using Analytics. How FICO Scoring can help companies make decisions that benefit society. Saxon Shirley. by Sally Taylor. Vice President, Scores. expand_less Back To Top. Replacing human bias with data-driven science.

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Lender Education Acquisition Financial Institution 52

Fico Collections

OCTOBER 10, 2022

Tue, 07/19/2022 - 16:11. Mon, 10/10/2022 - 15:00. A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. JessicaButalla@fico.com. by Joanne Gaskin. expand_less Back To Top.

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Lender Financial Institution Credit Bureau Financial services 52

Fico Collections

DECEMBER 20, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/20/2022 - 10:20. As I look back on 2022, I’m reluctant to lean too far into predictions for 2023. Given the regulatory winds in 2022, FIs can expect more intervention in 2023, although they are taking steps already to stay one step ahead of the regulators. FICO Admin. by TJ Horan.

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Banks Financial Institution Education Collections 52

Fico Collections

JULY 15, 2022

Tue, 07/02/2019 - 02:45. Fri, 07/15/2022 - 10:05. In uncertain times, optimization and automation offer insurance claims departments what's needed most - speed, scale and control. by Darran Simons. expand_less Back To Top.

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Retrieval Home Insurance Financial Institution Trade 52

Fico Collections

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. Less than 1% of the total U.S. Read the full post 5.

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Credit Bureau Loans Consumer Credit Lender 52

Fico Collections

MARCH 30, 2023

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. billion in losses to investment scams alone in 2022, more than double the losses from 2021. Where Did My Cash Go? I uncovered some fascinating insights.

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Banks Education Retail Trade 52

Fico Collections

APRIL 20, 2023

S&P Global Market Intelligence reports that in the second quarter of 2022 alone, real-time payroll payments more than doubled compared to the prior quarter and accounted for nearly 15% of total RTP volume. billion in scams in 2022, a 30% increase over 2021.

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Banks Education Financial Institution Retail 52

Burr Forman

OCTOBER 21, 2021

Labor Initiative Helps Trades Workers Combat Substance Abuse (Source: HR Dive, 2021-10-07). Survey Finds Employers Expect 5% Increase in 2022 Health Costs (Source: Insurance Journal, 2021-10-14). OSHA, Biden Initiative to Protect Workers from Heat Illness (Source: CBIA, 2021-10-12). Coronavirus Resource Center.

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Fico Collections

JULY 19, 2022

Tue, 07/02/2019 - 02:45. Tue, 07/19/2022 - 14:55. Wolf, Goat and Cabbage: The Digital Customer Experience Riddle. Disjointed digital customer experiences are causing banking and insurance customers to flee in record numbers. by Jim Neumann. expand_less Back To Top.

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Banks 52

Fico Collections

FEBRUARY 14, 2023

Home Blog FICO The Composable Enterprise: Trends & Benefits from Composability Executives, digital innovators, DevOps leaders, and line of business leaders should embrace a composable business model to gain agility and other benefits Saxon Shirley Thu, 05/12/2022 - 07:46 by Bryan Howard Platform Solutions Partner expand_less Back To Top Tue, 02/14/2023 (..)

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Fico Collections

JUNE 22, 2022

6 Digital Transformation Trends Highlighted at FICO World 2022. Tue, 07/02/2019 - 02:45. Wed, 06/22/2022 - 12:30. Innovation in digital transformation and emerging trends were firmly front-of-mind this year at FICO World 2022. FICO World 2022: Digital Transformation Success Stories. expand_less Back To Top.

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Financial Institution Banks Lender Government 52

Fico Collections

JUNE 16, 2022

Tue, 07/23/2019 - 04:13. Thu, 06/16/2022 - 15:20. Key Differences in Recovery and Debt Collections from 2008 to 2022. The Perfect Collections Storm of 2022. Bruce Curry has been named to the Credit 500 in 2020, 2021 and 2022. by Bruce Curry. expand_less Back To Top. Brand reputations were damaged. See all Posts.

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Fico Collections

NOVEMBER 16, 2022

Tue, 07/02/2019 - 02:45. Wed, 11/16/2022 - 20:10. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. FICO Admin.

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Fico Collections

DECEMBER 13, 2022

Tue, 07/02/2019 - 02:45. Tue, 12/13/2022 - 10:40. Digital collections isn't a new concept, but it has taken on additional relevance in the current economic environment. Here are some tips for success. FICO Admin. by Ulrich Wiesner. expand_less Back To Top. This story of digital collections starts with Steve Jobs.

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Collections Retail Banks Loans 52

Burr Forman

AUGUST 31, 2021

Employers Should Plan Now for 2022 Health Care Transparency Rules (Source: BenefitsPro, 2021-08-17). Administration Requests 17% Increase in OSHA Funding for 2022 (Source: HR Dive, 2021-07-22). Jason may be reached at (904) 232-7211 or jgabriel@burr.com.

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Fico Collections

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. Tue, 07/02/2019 - 02:45. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Card Skimming Fraud Grows 700+% in First Half of 2022. FICO Admin.

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