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Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update

Fico Collections

Tue, 07/02/2019 - 02:45. Tue, 06/07/2022 - 15:00. The government of Canada raised its target for overnight rate to 50 bps to 1 % on April 13th, 2022. Further rate hikes are expected as Canada’s government tries to combat inflation. Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update. by Amir Sikander.

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FICO Score 10, Most Predictive Credit Score in Canadian Market

Fico Collections

Tue, 07/02/2019 - 02:45. One key observation when looking at pre-pandemic time periods in Canada, is that the average Canadian FICO® Score did decrease between April 2018 and April 2019. FICO Score 10, Most Predictive Credit Score in Canadian Market. FICO Score credit risk trends through the COVID-19 pandemic. FICO Admin.

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Responsible AI: Are European Firms Ready for the Regulators?

Fico Collections

There are wide gaps in understanding the importance of AI ethics and AI governance among key business stakeholders in this sector. In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations.

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Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data

Fico Collections

Saxon Shirley Fri, 05/20/2022 - 06:06 by FICO expand_less Back To Top Tue, 02/07/2023 - 19:10 As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem. Now, the average FICO® Score has leveled off during the second year of the pandemic.

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Meeting Debt Collection Challenges Amid a Squeeze on Income

Fico Collections

Tue, 07/23/2019 - 04:13. The expected debt tsunami predicted in many markets simply didn’t materialise thanks to government-backed income protection initiatives and payment holiday tolerance by creditors. Collections books for many lenders reduced. by Bruce Curry. expand_less Back To Top. Thu, 06/16/2022 - 15:20.

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6 Digital Transformation Trends Highlighted at FICO World 2022

Fico Collections

Tue, 07/02/2019 - 02:45. As the target is primarily the younger Millennial and Gen-Z segments, who may have thin credit files, transaction data holds key insights into BNPL applications, FICO Platform enables lenders to process new data streams at speed, decisioning customers in - or near to - real-time. expand_less Back To Top.

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Debt Collection: Have We Learned the Lessons of the Last Crises?

Fico Collections

Tue, 07/02/2019 - 02:45. Elsewhere, in markets like Turkey, where inflation is running at +70%, it’s only government intervention that’s delaying an indebtedness crisis. As a result, lenders’ collections’ books are already growing. FICO Admin. by Bruce Curry. Senior Principal Consultant. expand_less Back To Top.