The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since, and now as we’re on the cusp of the middle of the 2020s, relying on the triple-digit number to crystallize...
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technologies, the companies said in a Wednesday (April 17) press release....
Generally speaking, the higher your credit score, the more favorable interest rates and terms you can benefit from when getting a loan. The scoring model FICO ranges from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740,...
PULSE, a Discover company, has extended its partnership with FICO to deliver fraud-detection technology to financial institutions. This collaboration permits PULSE’s continued enhancements of its DebitProtect suite of fraud-mitigation solutions, which are powered by FICO’s Falcon Fraud Manager and use learnings from its network of participating...
July 06, 2021
“How much cash you have and how you use your cash is really an important data point that can be used to assess someone’s creditworthiness.” In an age where half of the transactions are done with debit cards — and, importantly, where a majority of people live paycheck to paycheck and may lack access to […]
June 17, 2021
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to work in a world on...
June 03, 2020
There are tough economies, and then there is the existential grappling, for consumers and small businesses alike, that is the hallmark of the COVID-19 pandemic. In an interview with Karen Webster,...
September 25, 2019
The Catch-22 is a familiar part of the early life of many consumers looking to get credit for the first time. They can’t secure underwriting because their financial file reveals...
April 17, 2024
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technologies, the companies said in a Wednesday (April 17) press release. “In today’s fast-paced financial landscape, staying ahead of fraudsters is […]
August 09, 2023
PULSE, a Discover company, has extended its partnership with FICO to deliver fraud-detection technology to financial institutions. This collaboration permits PULSE’s continued enhancements of its DebitProtect suite of fraud-mitigation solutions, which...
May 18, 2023
Teradata and FICO have partnered to develop artificial intelligence (AI)-powered decision management solutions. The first solutions created by this partnership will focus on real-time payments fraud, insurance claims and supply...
May 17, 2023
FICO has added transactional analytics to its platform to help enterprises better understand their customers. That is one of 19 enhancements the firm has made to its applied intelligence platform, FICO Platform,...
