[ad_1]
FICO Improvements® The platform helps companies leverage data to make high-stakes decisions at scale, create new and better customer interactions, and retain customer loyalty.
-
Enhancements to the FICO® Platform focus on managing growing data demands and optimizing speed, agility and predictiveness.
-
The FICO Platform helps Westpac New Zealand “rapidly develop, test, deploy and customize automated decision models to meet customer expectations and regulatory requirements as the banking industry evolves.”
MEXICO CITY–(BUSINESS WIRE)–Credit Information Center—FIELDThe global leader in data analytics software, demonstrated new innovations in: FICO® Platform Optimize decisions in real time at speed and scale. New enhancements help teams break down silos and more effectively reuse models and decision assets to produce better business outcomes.
“As companies grow, so does the complexity, volume, and transformative power of their data. While more data and information represents a better opportunity to make decisions more confidently, it cannot come at the expense of speed and agility.” said Bill Waid, Director of Products and Technology at FICO. He added: “The new enhancements to the FICO Platform enable our clients to apply data to make high-performance decisions that enable superior customer engagement and maintain customer trust in an AI-driven world.”
FICO Platform Feature Updates son:
- Connectivity and data ingestion – Greater flexibility in data processing configurations, ensuring organizations can manage growing data demands across business areas and solutions while delivering return on investment (ROI).
- Business Optimization – An industry-leading new algorithm for large models helps find mathematically optimal solutions to global problems four times faster. The new problem-solving algorithm helps efficiently compute solutions that are too large for traditional models and resources, enabling organizations to leverage multiple data sources to best balance priorities and resources and scale across the company.
- Machine Learning and Applied Analytics – Enhanced our industry-leading credit risk modeling tools with new business-oriented parameters, helping clients predict the most efficient data segmentation without losing flexibility, enabling fast execution and results.
- A wise decision yes Digital Twins and Simulations – Improve the ability to conduct tests Backtesting Data on current strategies and historical decisions gives companies greater flexibility, speed and control when developing, testing, simulating and implementing business strategies.
The FICO Platform enables financial institutions and businesses around the world to improve decision-making processes, customer interactions and risk management, and avoid costly mistakes through the full integration of data analytics, digital simulations, risk modeling and artificial intelligence (AI).
“The FICO Platform provides solutions that can adapt to different use cases in our banking business,” Regan Goble, senior manager of risk analytics at Westpac New Zealand, said. “With the FICO Platform, we move away from focusing on the individual decisions we make about a customer’s account and instead think strategically about how to manage all of a customer’s accounts and throughout their lifecycle at the bank. We can quickly develop, test, deploy and customize automated decision models to meet customer expectations and regulatory requirements as the banking industry evolves.”
The new enhancements are now available to FICO platform customers worldwide.
For more information on the new updates to the FICO platform, visit:
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world thrive. Founded in 1956 and headquartered in Silicon Valley, the company is a pioneer in using predictive analytics, artificial intelligence and data science to improve operational decisions. FICO holds more than 200 U.S. and international patents on technologies that increase profitability, customer satisfaction and business growth in sectors such as financial services, insurance, telecommunications, healthcare and retail. With FICO solutions, businesses in more than 100 countries do everything from protect four billion payment cards from fraud to improve financial inclusion and strengthen supply chains. Used by 90 percent of major creditors in the U.S., the FICO® Score is the standard for measuring the credit risk of consumers in the U.S. and other countries, designed to improve risk management, access to credit and transparency.
website: http://www.fico.com/
blog: http://www.fico.com/blogs/
LinkedIn: https://www.linkedin.com/company/fico/
X (Twitter): @FICO, @FICOLatAmCaribe
FICO News and Media Resources: http://www.fico.com/news
Contact Details
Media Contacts:
Olivia Castanon
Porter Novelli of FICO
(email protected)
Marcela Garfias
Porter Novelli of FICO
(email protected)
[ad_2]
Source link
