Analytics Model Management: 7 Best Practices to Improve Compliance, Reporting and Performance
These best practices can help you not just meet regulators’ requirements but also increase the value your models add to the business
How to Use Alternative Data in Credit Risk Analytics
Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk analytics
How to Tame Credit Originations Complexity and Data Overload
With the right technology it is now possible to drive out manual or high-friction interventions and offer seamless, near-instant credit decisions across multiple sales channels
The Impact of Regulation on Collections and Customer Care
This FICO World presentation highlights the vital importance of balancing customer care with collections success in a highly regulated environment
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
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
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
FCA’s Consumer Duty Mandates Sharper Use of Technology
Managing UK customers to better outcomes under the FCA’s Consumer Duty will require a true platform for understanding and action
Explainable Machine Learning for Probability of Default Calculations
How the FICO Platform can enable explainable machine learning models for more effective PD calculations
How Transaction Analytics Transform Lending Speed and Results
Fierce competition, open banking and financial inclusion drive the uptake of transaction analytics in lending
Improving IRB and RWA Calculations with Machine Learning
Through explainable machine learning models, behavioural and PD models for the retail banking sector can be created with higher levels of predictiveness.
The Role of Decision Orchestration in Financial Platforms
Just as every orchestra needs a conductor, decision orchestration keeps all the rules and processes firing at the right times in your system
What Are Microservices? How Do They Increase Efficiency?
Microservices are small building blocks created to accomplish a business action or decision, and can be used throughout the business to increase efficiency and improve results
Does the EU Framework for Responsible AI Go Far Enough?
Whilst the EU have rightly focused on the use of AI and data science strategic leadership, more needs to be done on AI explainability
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