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Why 2022 Can Be the Year Financial Services Providers Embrace Ethical AI

Nearly two years after a global pandemic sent most banking customers online, the majority of financial institutions appear to be embracing digital transformation. But many still have a long way to go. For example, a rece Read more…

Achieving Data Literacy: Businesses Must First Learn New ABCs

Do you speak data? That’s the essential question Gartner poses to data and analytics leaders in promoting data literacy, “the ability to read, write and communicate data in context, including an understanding of data Read more…

How Does Your AI Work? Nearly Two-Thirds Can’t Say, Survey Finds

Nearly two-thirds of C-level AI leaders can’t explain how specific AI decisions or predictions are made, according to a new survey on AI ethics by FICO, which says there is room for improvement. FICO hired Corinium Read more…

8 Ways AI Can Boost Retail Sales During the COVID Holiday

With Cyber Monday upon us, the 2020 holiday shopping season is now in full swing. Thanks to the COVID-19 pandemic, online shopping will see major growth, but retailers of all types should be ready for major changes. The Read more…

How AI Is Helping the Supply Chain Cope With COVID-19

COVID-19 is wreaking havoc on the American supply chain as companies scramble to respond to rapidly shifting consumer demand, limited supply of some products, and new workplace rules. It’s a lousy time to embark upon a Read more…

How AI Fights Fraud During the Holidays

The math is pretty simple: The bigger the holiday buying season, the bigger the pay day for fraudsters Read more…

Alternative Data Goes Mainstream in Financial Services

Hundreds of years of financial transactions have created well-worn paths for commerce to be conducted. Companies have been quite comfortable operating within the limits defined by these routes, largely because they’re Read more…

Start with the End in Mind – What Banks Should Consider When Adopting Analytics

There’s an iconic moment in Jurassic Park when discussing the value of creating genetically engineered dinosaurs, Jeff Goldblum’s skeptical Dr. Ian Malcolm says: "Your scientists were so preoccupied with whether or Read more…

AI, You’ve Got Some Explaining To Do

Artificial intelligence has the potential to dramatically re-arrange our relationship with technology, hearkening a new era of human productivity, leisure, and wealth. But none of that good stuff is likely to happen unle Read more…

Opening Up Black Boxes with Explainable AI

One of the biggest challenges with deep learning is explaining to customers and regulators how the models get their answers. In many cases, we simply don't know how the models generated their answers, even if we're very Read more…

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This Just In

FICO Supercharges Business Outcomes with Innovations in Simulation Technology on FICO Platform

Jan 9, 2024 |

BOZEMAN, Mont., Jan. 9, 2024 — FICO has announced over 20 new enhancements to FICO Platform that will enable enterprises to better navigate an uncertain market and make and operationalize informed business decisions that improve profitability, reduce risk, and create more value for their customers – all at unmatched scale and market-leading speed. Read more…

FICO Granted 10 New Patents to Improve Decision-Making for Enterprises

Dec 20, 2023 |

BOZEMAN, Mont., Dec. 20, 2023 — Global analytics software leader FICO has been granted ten patents, related to digital decisioning, fraud detection, machine learning, and responsible AI. Read more…

FICO Releases First Major Global Optimization Solver for Complex ‘Nonlinear’ Problems

Sep 1, 2023 |

BOZEMAN, Mont., Sept. 1, 2023 — Analytics software leader FICO announced the release of a true global mathematical optimization solver as part of FICO Xpress 9.2 Optimization. The global optimization solver gives users a better way to tackle complex nonlinear problems in energy, pricing optimization and many other fields, and can offer guarantees about the performance of the solutions it finds. Read more…

FICO Platform Unveils New Features Enhancing Analytics, Decision Automation, and Business Simulation

May 18, 2023 |

HOLLYWOOD, Fla., May 18, 2023 — At its FICO World conference, global analytics software firm, FICO, unveiled 19 major enhancements to its industry-leading FICO Platform, the most powerful and proven foundation for applied intelligence. Read more…

Teradata and FICO Partner to Reduce Fraud, Improve Business Outcomes

May 18, 2023 |

SAN DIEGO and BOZEMAN, Mont., May 18, 2023 — Teradata and FICO today announced they plan to bring to market integrated advanced analytic solutions for real-time payments fraud, insurance claims, and supply chain optimization. Read more…

Zuse Institute Berlin and FICO Collaborate to Push Boundaries of Mathematical Optimization

Apr 17, 2023 |

BERLIN, April 17, 2023 — How can algorithms and optimization models help companies deal more resiliently with unforeseen crises and adapt their processes to disruptive challenges? At the 4th EURO Practitioners’ Read more…

New FICO Report: AI at Financial Services Firms Jeopardized by Lack of Responsible AI Initiatives

Jan 18, 2023 |

SAN JOSE, Calif., Jan. 18, 2023 — Global analytics software platform provider FICO today released its third annual State of Responsible AI in Financial Services report, developed in collaboration with market intelligence firm Corinium. Read more…

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