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Profitability and Customer Financial Health in Retail Banking

Fico Collections

Profitability and Customer Financial Health in Retail Banking. Tue, 02/18/2020 - 14:57. Wed, 11/30/2022 - 19:00. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. FICO Admin. by Bill Waid.

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Digital Collections: 7 Things That Can Make You More Successful

Fico Collections

Tue, 07/02/2019 - 02:45. Tue, 12/13/2022 - 10:40. In their research, they found that a digital omnichannel approach is achieving results such as: 20-25% reduction in non-performing loans. Digital collections isn't a new concept, but it has taken on additional relevance in the current economic environment. FICO Admin.

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

Fico Collections

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.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

Fico Collections

Tue, 07/02/2019 - 02:45. Mon, 12/05/2022 - 15:10. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 And some retailers have shown automated phone support apps can be quick, easy to use, and provide direct two-way communication. FICO Admin.

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

Fico Collections

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Here are extracts from those customer development posts.

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Understanding FFL: Types, Application, and Licensing Process

Payment Savvy

In 2022 alone, a staggering 16.4 Type 02 – Pawnbroker in Firearms: Similar to Type 01, but it enables the licensee to operate as a pawnbroker, accepting firearms as collateral for loans. For instance, it’s the go-to license for retail stores that sell firearms. Furthermore, the U.S.

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What Is First-Party Fraud?

Fico Collections

Tue, 07/02/2019 - 02:45. Mon, 07/25/2022 - 11:00. Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. It’s quick and sometimes easy, with credit cards and loans being the easiest prey today. What Is First-Party Fraud? by Matt Cox.