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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. Before joining FICO, Darryl held many key roles at financial institutions through North America and Asia, including Chief Risk Officer of Grow Financial, a Canadian Fintech specializing in online lending and building software for financial institutions.

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CFPB Asserts New Authority Over Data Security Practices

Collection Industry News

Dionne , 22 August 2022. Financial institutions that provide services to consumers are subject to the requirements of the Gramm-Leach-Bliley Act (GLBA). The CFPB also outlined actionable steps financial institutions can take to protect consumer data, including: Implementing multi-factor authentication.

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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% Delinquency.

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Critical Steps to Improving Hyper-Personalization at Scale

Fico Collections

CLARKE: AI/ML are necessary to personalize at scale, yet according to Forrester’s 2022 Data and Analytics survey , less than one-third of banking data and analytics decision-makers say their firm is currently using AI technologies to scale and optimize personalization.

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Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update

Fico Collections

Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update. Tue, 06/07/2022 - 15:00. in April 2022, the highest since January 1991. The government of Canada raised its target for overnight rate to 50 bps to 1 % on April 13th, 2022. Average total monthly sales increased to $1,546 in March 2022, 17.5 % higher.

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FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering

Fico Collections

Fri, 06/03/2022 - 12:24. Thu, 06/09/2022 - 15:00. AI Predictions 2022: The Great Humbling of AI. New AML scores reduce false positive alerts by 50% while detecting 100% of known money laundering transactions, and discover new aberrant, potentially risky behaviors. asokolowski@speednet.pl. by Scott Zoldi.

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Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots

Fico Collections

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. Tue, 06/14/2022 - 16:25. Five fraud trends for 2022 kept cropping up and seemed to be of the most interest to our anti-fraud delegates. Learn More About Fraud Trends for 2022 and FICO World. See highlights from FICO World 2022.