Fico news and trends

FICO and Jersey Telecom Team to Combat APP Fraud 
Fraud Prevention // September 18, 2024

FICO is working with Jersey Telecom (JT) to push back against authorized push payment fraud. The analytics software company said Wednesday (Sept. 18) it has collaborated with the British Channel Islands-based telecom to develop a solution that allows for “direct, near real-time intervention” to protect customers against fraud. “FICO and...

Big Bank Earnings Show Mixed Signals on Consumer Credit Health
Earnings // July 15, 2024

Get enough data points in place, and you have a trend. As bank earnings have started to roll in — thus far, from JPMorgan, Wells Fargo and Citigroup — management commentary and earnings supplementals reveal a bit of a mixed picture on spending and credit...

Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
Loans // May 24, 2024

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 to Launch Real-Time Payments Fraud Prevention Solution
Security & Fraud // 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....

Interviews & Exclusives
Credit Sesame CEO: Outdated Credit Scoring Renders 44 Million Potential Borrowers Invisible

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 […]

Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests

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...

CUs Eyeing Member Risk Must Look Beyond FICO Scores

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,...

Can Academic Data Ace The Credit History Conundrum?

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...

Quick Reads
FICO Announces Plan to Add BNPL to Credit Score Calculations

February 04, 2025
Following a joint study with buy now, pay later (BNPL) firm Affirm, FICO has said that it is planning to add BNPL data to its credit score analysis. The analytics firm said in a Tuesday (Feb. 4) news release that over the course of a year, it had studied how BNPL usage — if incorporated […]

FICO and Jersey Telecom Team to Combat APP Fraud 

September 18, 2024
FICO is working with Jersey Telecom (JT) to push back against authorized push payment fraud. The analytics software company said Wednesday (Sept. 18) it has collaborated with the British Channel Islands-based telecom to develop...

Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution

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...

PULSE and FICO Extend Partnership to Deliver Fraud-Detection Technology

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...