Powered by the FICO Analytic Cloud, FICO Network 2.0 Features an Enhanced Interface, Iron-Clad Security, and Access to More Than 300 Partners
FICO, a global analytics leader, announced the latest release of its industry-leading FICO Network. Newly rebuilt on the FICO Decision Management Platform and deployed in the FICO Analytic Cloud, FICO Network 2.0 is fully optimized to support creditors who are increasingly outsourcing accounts to collection agencies, attorneys, and other third parties for debt collection while conforming to progressively more complex industry regulations.
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“FICO Network processes more than $120 billion in consumer debt across a variety of industries, including financial services, telecommunications, automotive, government, and more every year,” said David Lightfoot, vice president of product management, FICO. “No other provider offers a secure delivery channel with access to a comparable number of vendors, placing FICO Network 2.0 in a class of its own when it comes to supporting secure data exchange between creditors and their partners.”
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To reduce lead times for partner onboarding, FICO Network 2.0 enables collections professionals to securely exchange and validate data quickly and seamlessly with more than 300 proven third-party partners across FICO Network, including collection agencies, attorneys, data vendors, debt buyers, and more – all while meeting continually updated compliance standards. And because it’s fully run in the cloud, it helps organizations save money by reducing their IT installation and maintenance costs.
FICO Network 2.0 also features an updated user interface for out-of-the-box dashboards, email alerts, and real-time reporting. Additionally, the latest update will offer organizations enhanced reliability and security, as well as seamless support for FICO® Debt Manager™ clients.
