Best Practices for Modeling Regulations

Financial institutions have had a difficult time adapting to the latest regulatory guidance regarding model validation and management. But making the right improvements can also translate into better analytic performance and risk management. To both comply and compete, it's critical to build an organizational policy for comprehensive model and credit...

Join Us For FICO World 2013

How are companies using Big Data analytics to understand and collaborate with today’s connected consumer? Join us at FICO World 2013 to discover answers from experts and network with your banking peers. Registration is now open for the conference, which will be held April 30-May 3 in Miami. FICO World...

Why Model Governance Matters

Last month, my colleague Daniel Melo reported on a series of meetings he and IDC Financial Insights had held with European bankers on the subject of model governance. This is an increasingly vital issue for banks, insurers and other companies whose success depends on the quality of their analytics. Now...

Wanted: reliable models to combat “rising systematic and systemic risks”

I recently attended an engaging conference jointly hosted by The Risk Management Institute and National University of Singapore that explored “risk management responses to rising systematic and systemic risks.” Among its distinguished speakers were various local and international banks, professors from NUS and National Taiwan University, the Federal Reserve, IMF...

Webinar: Best Practices in Analytics and Model Validation

Next week, FICO will host free webinars that share best practices in analytics and model validation. With the proliferation of models used in financial services, and today's tightly regulated and volatile markets, organizations must reassess how well models are being strategically applied and how well they're being managed. In addition,...

Closing the Gap on Fraud Model Degradation

Fraudsters are continually adjusting their strategies to circumvent fraud detection systems. In my last few posts, I've been discussing how adaptive analytics are built to counter this problem. Because of this, the latest version of FICO™ Falcon® Fraud Manager leverages adaptive analytics. The adaptive model adjusts the base neural network...

Inadequate data infrastructure -- a big roadblock for Asia Pacific banks

It is an understatement to say that the financial crisis in 2008 has forced banks to think and operate differently. Compared with the Western world, many countries in Asia Pacific came out of the crisis much more rapidly. Asian banks have shown they’re able to adapt more nimbly to the...

Welcome to the FICO Banking Analytics blog — why are we here?

- Posted by Tom Quinn, FICO® Score Product Manager Today's bankers are information junkies. We should know - as the creators of the FICO® score and other predictive analytics solutions, we are constantly providing our clients with new research and insights into credit trends. We created this blog to share...