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FICO’s New AML Scores Use AI and ML to Detect Money Laundering

New AML scores reduce false positive alerts by 50% while detecting 100% of known money laundering transactions, and discover new aberrant, potentially risky behaviors

“There Can Be Only One”: The Highlander Principle of Data Science

Many organizations, including data science teams, derail innovation with internal competition that fragments resources and energy.

AI Predictions 2022: The Great Humbling of AI

I predict that Auditable AI and Humble AI will become widely used in 2022, as essential parts of Responsible AI

Meeting the Customer Affordability Challenge at Speed and Scale

The ability to offer full control of affordability strategies and models to ensure agility, flexibility and transparency really matters — because it’s getting ever more complex

Meeting Future Leaders in AI and Machine Learning

Talking with A-level students at Winstanley College, Wigan, gave me hope for the future of data science

Fighting Bias: How Interpretable Latent Features Remove Bias in Neural Networks

FICO’s data science labs called interpretable latent feature-based neural networks (ILF NNET) help expose and eliminate biases derived from data showing up in the model.

FICO’s New AI Playbook: How to Achieve Responsible AI

The Responsible AI Playbook provides a clear path to operationalizing AI deployments. Use it to achieve high-impact business results within important ethical and legal boundaries.

Open Source Junkies: How Much Analytic Power Do You Need?

Data scientists need to justify the need for the incremental risk we assume when using more complicated methods to solve a problem - not be open source junkies

3 Success Stories Show Customer-Centric Decisions Pay Off

From South America to South Africa, businesses are using centralized decisioning to connect with customers

Creating Credit Opportunities with Open Banking

Open Banking has the potential to empower more choice for millions more consumers in Europe and Africa - better analytics and breaking down banking silos will be key

Beyond Responsible AI: 8 Steps to Auditable Artificial Intelligence

Auditable AI provides the documentation and records necessary to pass a regulatory review

FICO Integrates Fraud and Scam Detection in FICO Falcon Retail Banking 3.0 Model

FICO’s new Scam Detection Score identifies 50% more scam transactions compared to the standard fraud score

It’s 2021. Do You Know What Your AI Is Doing?

New "State of Responsible AI" report from Corinium and FICO finds that most companies don’t—and are deploying artificial intelligence at significant risk

Filling the US$3.4 Trillion SME Funding Gap

Access to the broadest datasets available, investment in the right technology and application of AI and automation can be a win-win for lenders and SMEs seeking funding

Open Banking: Will COVID-19 Unleash a Pandemic of Fraud?

There is an urgent need for open banking fraud detection, even before banks have sufficient data to train supervised fraud detection models

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