Tag : FICO

New FICO Survey: Consumers Will Switch Banks If Fraud Prevention Expectations Are Not Met
Finance Fintech News Risk Management

New FICO Survey: Consumers Will Switch Banks If Fraud Prevention Expectations Are Not Met

Business Wire
by Business Wire0
Global survey shows that real-time-payments (RTP) usage and scams are growing both in frequency and value of loss worldwide A new global FICO survey finds that more consumers reported that their family and friends have been victims of real-time payment scams in 2024 (56%) versus 2023 (51%). 50% of consumers......
FICO and Jersey Telecom Collaborate to Tackle Authorised Push Payment Fraud
Digital Payments Fintech News

FICO and Jersey Telecom Collaborate to Tackle Authorised Push Payment Fraud

Business Wire
by Business Wire0
Innovative combination of telephony signals and card data delivers first real-time solution to spot scams with early pilot reducing the number of people scammed by 41% In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a......
Conductiv Partners with Filene to Create a Custom Incubator Using Lending Data to Drive Growth
Finance Fintech News

Conductiv Partners with Filene to Create a Custom Incubator Using Lending Data to Drive Growth

PR Newswire
by PR Newswire0
Filene Research Institute is partnering with Conductiv to use their permissioned data platform to drive credit union growth. Conductiv, Inc., joins Filene Research Institute to improve loan approval rates and deposit open rates for credit unions via the use of permissioned data through a Custom Incubator project. Filene is partnering with Conductiv,......
UK Credit Card Trends 2023-24: FICO Data Shows Rising Spend and Missed Payments
Finance Fintech News

UK Credit Card Trends 2023-24: FICO Data Shows Rising Spend and Missed Payments

Business Wire
by Business Wire0
Year-on-year analysis reveals impact of continued high costs and inflation requiring lenders to remain vigilant The last year has been challenging for UK households balancing budgets against rising fuel costs, spiralling inflation and wage pressures. Analysis by global analytics software firm FICO of its proprietary UK credit cards data for......
VeriPark and FICO Announce Strategic Partnership to Transform Financial Services
Artificial Intelligence Finance Fintech News

VeriPark and FICO Announce Strategic Partnership to Transform Financial Services

PR Newswire
by PR Newswire0
VeriPark and FICO have launched a partnership to revolutionize the financial services sector through AI-driven decision making and digital transformation. The collaboration between VeriPark, a global provider of innovative digital solutions, and FICO, a renowned analytics software company, will enhance decision-making and promote financial inclusion across Turkey, the Middle East,......
FICO and Net.Bit Partner to Give EMEA Financial Services Institutions Fast Track to Efficiency and Decision Power
Compliance management Fintech News

FICO and Net.Bit Partner to Give EMEA Financial Services Institutions Fast Track to Efficiency and Decision Power

Business Wire
by Business Wire0
Partnership will offer SaaS decision management solutions and bolster financial crime compliance Analytics software provider FICO has partnered with IT consultancy firm Net.Bit to elevate operational efficiency, bolster security measures, and ensure regulatory compliance for financial institutions in Europe, the Middle East and Africa. Net.Bit will sell and implement FICO’s......
FICO Survey: 1 in 3 Indians Worried About Being Scammed As Real-Time Payment Risks Grow
Analytics Digital Payments News

FICO Survey: 1 in 3 Indians Worried About Being Scammed As Real-Time Payment Risks Grow

Business Wire
by Business Wire0
34% of Indians are most concerned about being tricked into making payment to a criminal Highlights Payment Fraud is the top financial crime concern for 34% of Indians Identity theft worries persist, with 37% believing they have or might have been victims Real-time payment scams are on the rise, with......
Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud
Digital Payments News

Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud

PR Newswire
by PR Newswire0
Cloud-based solution provides banks and payment providers with fraud protection powered by artificial intelligence and machine learning Cognizant announced a planned collaboration with FICO, a leading analytics software company, to launch a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The joint offering would leverage both firms’ artificial intelligence (AI) and......
HSBC-Achieves-15%-Uplift-in-Monthly-Card-Spend-Using-FICO’s-AI-Powered-Optimization
Artificial Intelligence Fintech News

HSBC Achieves 15% Uplift in Monthly Card Spend Using FICO’s AI-Powered Optimization

Business Wire
by Business Wire0
The project saw a 15% uplift in monthly spend by customers on their cards, as well as improvements in active card use and share of wallet, without increasing bad debt. HSBC has won a 2024 FICO Decisions Award for AI, Machine Learning and Optimization. Highlights: HSBC is using FICO Platform......
FICO-Platform-Produced-a-Significant-Return-on-Investment-for-Businesses-According-to-New-Total-Economic-Impact-Study
Fintech Investments News

FICO Platform Produced a Significant Return on Investment for Businesses According to New Total Economic Impact Study

Business Wire
by Business Wire0
The report examines the ROI enterprises received by deploying the platform from different stages in various industries over three years. Highlights: A commissioned study conducted by Forrester Consulting, on behalf of FICO, found that FICO® Platform customers noted improved customer retention, significant cost savings by upgrading legacy infrastructure, and heightened......
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