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How to Meet New Model Risk Management Guidelines 

A new supervisory statement from the Bank of England suggests stronger controls are needed, and the principles are good guidance for banks globally

Why Banks’ Deposit and Savings Strategies Must Change

Regulatory pressures and waning trust are among the factors forcing banks to better meet customers’ needs - here are some best practices

Navigating the Wild AI with Dr. Scott Zoldi

Exploring artificial intelligence with industry leaders in legal, open banking, and education fields, including Shana Simmons, Robert Knight, and Stephanie Miller

Responsible AI and Why AI Governance Matters

My recent presentation at the World AI Cannes Festival with Uri Tintore of Belvo shed a light on Responsible AI, transaction analytics and open banking

Using AI and Data Science to Fight Bias and Drive Opportunities

FICO’s expansion of its Educational Analytics Challenge and Responsible AI collaboration with customers globally can improve transparency and economic outcomes

The Power of 10: FICO’s Patent Powerhouse Unveils 10 New Patents

FICO’s latest data science and software patents amplify the benefits of enterprise decision-making technology delivered through FICO® Platform and software solutions

Predictions 2024: You Need to Calm Down: AI Predictions and Prescriptions

Where will we land in 2024? Will we enter into a new, calmer era of AI?

More Than an Audit Trail: Blockchain Model Governance for Auditable AI

Latent features is a cornerstone of Responsible AI governance framework and Auditable AI

6 Tips for Debt Collection During the Household Income Squeeze

From identifying vulnerable customers to storing the right data, here are best practices for debt collection during the ongoing squeeze on household incomes

Responsible AI in Credit Risk: FICO Insights at Edinburgh Conference 2023

FICO will deliver the AI keynote at the 2023 Credit Scoring and Credit Control Conference, as well as two other presentations related to Responsible AI

How Guided AI Helps FICO Detect 59% More Scams in the UK

Guided AI is akin to the nervous system in the Corpus AI

How to Turn UK’s Consumer Duty Compliance to Your Advantage

With the clock ticking to the 31 July FCA deadline, a FICO roundtable looked at the scale of the Consumer Duty challenge

Rank Distillation: Operationalizing AI Continuity in the Corpus AI

New models can underperform alarmingly easily if you take your eyes off the Corpus AI

Is ChatGPT the Weight Loss Wonder Drug of AI?

ChatGPT isn’t assisting or enhancing human creativity, it is regurgitating a configuration of the AI data it was trained on

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

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