FICO Community Blogs

alan.pass
Alliant, one of the largest credit unions in the US has been serving members for over 80 years, growing to over 335,000 members and 9.3 billion in assets. In our new press release, John Listak, lending systems project Manager at Alliant, shares how the company built a new consumer loan origination system using FICO® Origination Manager. They were… (Show more)
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timoberthold@fico.com
Reliability and reproducibility are key goals when developing the FICO Xpress solver engines; but what does that mean exactly? First, the same input to an algorithm should always lead to the same output. In addition to that, runtimes should be repeatable. Ultimately, the algorithm should always take the exact same path to the final results. This… (Show more)
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toddhigginson@fico.com
Recent FICO research reiterates that card-not-present (CNP) fraud is growing dramatically as a percentage of total fraud losses. In EMEA specifically, CNP fraud now accounts for 70% of total card fraud losses, up from 50% in 2008. At the account level, this figure is close to 90%. Similar CNP metrics exist around the globe.  While issuers often… (Show more)
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toddhigginson@fico.com
Coming Soon: FICO® Falcon® Platform 6.5FICO will soon be releasing version 6.5 of the FICO® Falcon® Platform. This release will include several enhancements aimed at business intelligence, modeling flexibility and decision flexibility. A few specific improvements include:   Executive dashboard: Executive-level KPIs and trending details that… (Show more)
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toddhigginson@fico.com
The 2018 Falcon User Group will be held Monday, April 16th at the Fontainebleau Hotel in Miami Beach, Florida. The event will be held from 8:00am until 3:30pm, just prior to FICO World 2018, which starts at 4:00.   The Falcon User Group is a complimentary event exclusively for users of the FICO Falcon Platform, the industry’s leading enterprise… (Show more)
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toddrollin@fico.com
Our Blaze Advisor customers keep finding compelling new ways to embed rules into all their critical decisions. To that end, FICO keeps raising the bar on what’s possible – particularly as decisions require more transparency, explainability, and ultimately scalability to the breadth and depth of big data analytics that proliferate in businesses.  … (Show more)
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ravi.papanna
FICO® Origination Manager is a powerful application for business users to dynamically develop and deploy customer on-boarding strategies, and rapidly manage changes to user experience needs and business processes. It contributes to more profitable portfolios and effectively manages risk in rapidly changing business environments. Origination… (Show more)
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staceywest
This blog series features the opinions and experiences of five experts working in various roles in global strategy design. They were invited to discuss the best practices outlined in this white paper, and also to add their own. With combined experience of over 70 years, they partner with various businesses, helping them to use data, tools and… (Show more)
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sarahrutherford
FICO World is coming to Miami Beach and will be held at the Fountainbleau Hotel from April 16-19, 2018. The agenda is packed and there's plenty for our fraud customers to see and do. Here are just 5 of the reasons why fraud professionals love FICO World:   We have a Falcon User Group just for you. Held on Monday the 16th, this is a complimentary… (Show more)
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theresehenry@fico.com
Best Practices in Strategy Design This blog series features the opinions and experiences of five experts working in various roles in global strategy design. They were invited to discuss the best practices outlined in this white paper, and also to add their own. With combined experience of over 70 years, they partner with various businesses,… (Show more)
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sarahrutherford
USA: Survey Reveals that US Banks Stopped Nearly $17 Billion in Fraudulent Transactions in 2016… (Show more)
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aakash.bagga
Machine learning is a science of using principled and well-defined techniques to learn from data. While it is obvious that data enables learning, its usefulness is capped by data richness and data quality; this fact often goes underappreciated. Using poor quality data can too easily lead to bad models, to overfitting, and to ultimately poor model… (Show more)
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jimpatterson
Abstract After observing a steady upward trend in the US credit card delinquency rate in a time of historic lows for credit card delinquency, I set out to investigate the account default rates by analyzing the performance in lower bands of FICO Score and behavior score with current accounts. The results point to an opportunity for lenders to… (Show more)
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