UK Credit Cards: More Consumers Missing Second, Third Payments
FICO's monthly report on UK credit cards shows some financial resilience on the part of consumers, but a trend toward payment slippage
The State of Responsible AI in Financial Services
The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI
Our Scams Model Just Won an Award for Machine Learning
Credit & Collections Technology Awards recognize our scams model with the award for Machine Learning - here's why
Reflections 2022: The Power of Patents and the People Behind Them
In 2022, FICO was granted 11 new U.S. software patents
4 AI Predictions for 2023: From the Great Correction to Practical AI
A pragmatic approach I call Practical AI will rise in 2023 like a phoenix from the ashes of years of irrational exuberance around artificial intelligence
UK Cards Data: September Data Shows Rising Consumer Stress
The FICO Credit Market Report for September shows a drop in spending and includes an increase in missed payments as cost-of-living pressures take hold
America’s AI Bill of Rights is the Right Idea – and It’s About Time
The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms
UK Card Risk Trends: Summer Data Indicates Challenges Rising
Erratic UK cardholder behaviour over the summer months reinforces challenging conditions for lenders
UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis
Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008
Where Are We Now? 2022 Data Science and AI Predictions Revisited
Within my AI predictions for the year, interpretable machine learning (ML) models have surprised me by garnering greater awareness from data science leaders
AI Governance: A Critical Component of Corporate ESG Initiatives
Helping organizations navigate the often-challenging implementation of Responsible AI as part of ESG efforts
UK Credit Card Trends: Cost-of-Living Stress Starts to Show in Data
The signs of the cost-of-living crisis are still limited, with the biggest area of concern being a 3 percent increase in missed payments for new accounts
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
UK Cards Report: Credit Card Payments Yet To Show Signs Of Distress
The FICO Credit Market Report for March 2022 shows UK card repayments remain a priority for credit card holders, suggesting greater reliance on credit as costs rise
UK Cards Report: Repayments Not Impacted by Cost of Living Hike
The FICO Credit Market Report for February 2022 shows UK card trends following typical post-seasonal spend and repayment patterns - will the cost of living rise show up soon?
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