Latest FICO News: Finextra Research

Fico to add BNPL data to credit scores

Following a year-long study with Affirm, Fico is planning to add buy now, pay later data to its credit scores.

06 February 2025

Fico calls for action on Bounce Back loan fraud

The UK government should start using network analytics to start rooting out the billions of pounds in potential fraud related to its coronavirus 'Bounce Back' loans, says Fico.

17 November 2020

/cloud

Personalisation and customisation with data in the banking and payments industry

As customers increasingly experience more consistent, personalised treatment from companies across a wide variety of industries, it is natural for them to expect—and require—the same of financial services providers.

30 October 2020

/startups

How analytics can help expand market share and generate revenue

Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.

31 January 2020

/startups

How to build defences to accelerate innovation and generate revenue

The total value of global fintech deals in the first six months of 2019 was $22 billion. While this figure may seem staggering, when compared to $31.2 billion in the same period the year before, this is a steep decline of 29%.

14 January 2020

/cloud

7 ways banks can leverage the cloud to achieve customer centricity

Evidence suggests that centring operations around customers rather than focusing on products improves user experience and generates revenue. The cloud can help incumbent banks digitise operations that are structured around siloed, on-premises systems, data and processes, and enable them to become customer-centric.

15 November 2019

/retail

Rise in online and mobile shopping drives card fraud transactions to new high

European card fraud losses hit a record €1.8bn in 2016, with the UK seeing the highest losses at £618m, as criminals took advantage of a boom in CNP-based online and mobile shopping.

29 June 2017

/regulation

Amazon signs up tech firms to financial services cloud programme

Amazon Web Services (AWS) has named a host of tech firms - including Accenture, Nice Systems and Moven - as launch partners for its new financial services competency programme, which is designed to connect cloud customers with trusted tech experts.

30 November 2016

/retail

Online shopping fuels sharp rise in UK card fraud

UK card fraud losses climbed by 18% in 2015, the sharpest rise in Europe, driven by online shopping and data breaches.

04 August 2016

/retail

Number of compromised American ATMs soars - Fico

The number of cash machines in the US compromised by criminals rose 546% in 2015 over 2014, according to figures put together by analytic software firm Fico.

08 April 2016

/retail

Alternative lender SoFi becomes Fico-free zone

US online lending powerhouse SoFi has declared itself a Fico-free zone, ditching traditional credit scores in favour of what it claims are more useful data.

12 January 2016

/regulation

Fico targets underbanked with alternative credit scoring system

Fair Isaac is piloting a new credit scoring system that uses alternative data that should make it easier for the underbanked to prove their creditworthiness.

02 April 2015

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