FICO

JUNE 26, 2020

For instance, higher-resilience consumers tend to have: More experience managing credit. Building on FICO’s legacy of innovation for over 30 years, the FICO® Resilience Index is the latest solution designed to enable lenders with a more precise assessment of consumer credit risk. Lower total revolving balances. Fewer active accounts.

Analytics 98

Analytics Analysis Tools Capital 98

PYMNTS

NOVEMBER 30, 2017

The EU is also gearing up for additional, overlapping regulations that could confuse financial services players regarding how (and when) to become PSD2-compliant. One of those challenges is ongoing discussions over some guidelines within the regulation, Deutsche Bank noted, particularly those pertaining to fraud reporting and security.

Guidelines 109

Guidelines Regulation Compliance Data 109

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. The rule change is the subject of a recent white paper published by GIACT. That implies an ease of use while giving up nothing when it comes to security. New NACHA Rule.

Payments 178

Payments Fraud Security Customer Experience 178

PYMNTS

AUGUST 11, 2017

Among the many issues facing businesses looking to use blockchain are government regulations and transparency. This week, Microsoft has released a technical white paper and demonstrations for its new that’s seeking to address the problems facing enterprises seeking to implement blockchain technology.

Bitcoin 102

Bitcoin blockchain cryptocurrency Software 102

FICO

JULY 18, 2022

FICO has long-supported financial service institutions in fulfilling their obligations to comply with applicable adverse action notice requirements under regulations such as the Equal Credit Opportunity Act (ECOA). FICO® Resilience Index Can Improve Card Account Management. Can Arkali. See all Posts. chevron_left Blog Home.

Analytics 52

Analytics Lending Data Industry 52

Insights on Business

FEBRUARY 11, 2019

In the beginning of the cloud computing era, “private clouds” promised the scalability, flexibility and manageability of public clouds, combined with the security and control of on-premises data center environments. But some early private clouds, in fact, were neither private nor clouds.

Compliance 87

Compliance Security Big Data Analytics 87

PYMNTS

MARCH 1, 2017

Needless to say, banks are feeling the pressure on all fronts to get their capabilities aligned with what the innovators around them are already providing. Managing costs and finding revenue opportunities within a low-interest rate environment is a huge challenge for banks, many of which can’t afford to take on the cost of innovation.

Payments 100

Payments System Fintech Regulation 100

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Digital banks.

Fintech 183

Fintech blockchain Lending Digital Banking 183

FICO

JUNE 22, 2017

At the time, Madoff had been running an elaborate Ponzi scheme through the wealth management arm of his business that reached $65 million by the time of his arrest in 2008, deliberately hiding the money intricately within the financial system. Innovating AML tools has increasingly become a priority for banks and financial institutions.

Tools 55

Tools Compliance Innovation social media 55

FICO

AUGUST 15, 2018

Consider the risk modeling scorecard, which has been traditionally lauded by businesses and regulators alike for its predictive capabilities. Actually, decision modeling does this by putting the decision before the data, versus the other way around (and if you really want to dig deeper, check out this white paper ).

Analytics 53

Analytics Analysis Data Operations 53

Insights on Business

SEPTEMBER 8, 2016

Late last year, I read an article in the Financial Times that said there were three possible reasons for the turmoil in the worldwide banking industry: a blip induced by excessive regulation, a return to normal after an exceptional pre-crisis boom, or the slow death of banking. And it’s a much needed influx of innovation.

Study 70

Study social media Compliance Operations 70

FICO

MARCH 18, 2020

Recent innovations have focused on the development not only of an image or voiceprint, but on building a more comprehensive biometric profile, using multiple variables (static and behavioral). and have a read of our series of three white papers looking at how biometrics are being implemented and developed in financial services organizations.

Fraud 52

Fraud Analytics Samsung Comparison 52

Insights on Business

AUGUST 28, 2019

One of the privileges of the innovation team is that we get to evangelize concepts that are poised to reshape how our business will function. We’ve been quite vocal about our own transition to a risk management microservices architecture. What is a microservice? Our experience with microservices. Don’t have data?

Management 87

Management Risk Management Resources Analytics 87

Insights on Business

AUGUST 28, 2019

One of the privileges of the innovation team is that we get to evangelize concepts that are poised to reshape how our business will function. We’ve been quite vocal about our own transition to a risk management microservices architecture. What is a microservice? Our experience with microservices. Don’t have data?

Management 70

Management Risk Management Resources Analytics 70

FICO

JANUARY 10, 2017

The “innovation” VantageScore claims can score more people is simply the weakening of credit score criteria. These criteria are necessary because credit scores need to reflect a person’s true creditworthiness to a sufficient degree that lenders, regulators and consumers, themselves, can rely on them.

Meeting 40

Meeting Data Report Risk Management 40

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Auto-financing is ripe for innovation. Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 40

FICO

JUNE 29, 2021

Legacy thinking may have its roots in strict regulation that applies to comms providers, a case of things being rigid and static, “we’ve always done it this way”. Customer value management has their data, marketing another universe, billing have their view and network ops a different set. But beware legacy thinking in the organisation.

Examples 52

Examples Operations Data Technology 52

Gonzobanker

DECEMBER 22, 2015

Bank Innovation named Jill one of the 10 most innovative CEOs in banking for 2015, and we doubt that Bank Innovation would know who Jill is if not for her presence on Twitter. Bank project management offices. Regulator Award. Vendor management. “I Department Whose Brand Isn’t Improving Award.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. The Bank Regulator Working for Merchants Award!

Fintech 195

Fintech Community Regional Technology 195

CB Insights

SEPTEMBER 4, 2018

Former Tesla Autopilot manager hired as CTO of self-driving tech subsidiary. In April 2017 Audi reportedly hired former Tesla Autopilot program manager Alexandre Haag as the unit’s CTO. Mobileye itself has a number of other partnerships through its Road Experience Management (REM) mapping platform, including Nissan, VW, and BMW.

System 78

System Technology Michigan California 78

Insights on Business

DECEMBER 14, 2016

However, in light of macroeconomic challenges, increased regulation, and competition from fintechs (particularly for the highest value retail, product, and payments opportunities) revenue growth has remained sluggish. Banks have been closing branches at an unprecedented rate while cutting their workforces and delayering management.

social media 70

social media United States Regulation Operations 70

Gonzobanker

FEBRUARY 9, 2017

With interest rates likely to rise (margin expansion), tax cuts on the way (economic expansion), infrastructure spending (financing opportunities) and less regulation (lower operating costs), bankers see a playing field emerging that was custom-built for their entrepreneurial animal spirits. New white papers from Cornerstone Advisors.

Arizona 60

Arizona Conference Technology Washington 60

Gonzobanker

FEBRUARY 9, 2017

With interest rates likely to rise (margin expansion), tax cuts on the way (economic expansion), infrastructure spending (financing opportunities) and less regulation (lower operating costs), bankers see a playing field emerging that was custom-built for their entrepreneurial animal spirits. New white papers from Cornerstone Advisors.

Arizona 60

Arizona Conference Technology Washington 60

PYMNTS

JUNE 18, 2019

They are being asked to contribute their collective experiences in operating global, regulated payments and financial services networks to shape Libra’s charter and frame its governance structure. Facebook says that it is currently in discussions with regulators, who they claim, are eager to engage in conversations with them about it.

Payments 246

Payments Regulation blockchain cryptocurrency 246

CFPB Monitor

OCTOBER 17, 2018

OIRA is part of the Office of Management and Budget.) In May 2017, the CFPB issued a RFI and a white paper on small business lending in conjunction with a field hearing on small business lending. HMDA/Regulation C. Such data includes the race, sex, and ethnicity of the principal owners of the business.

Regulation 68

Regulation Compliance Lending Cards 68