Chartis Names FICO a Category Leader in Enterprise Fraud and AML Solutions
SINGAPORE, Sept. 28, 2017 /PRNewswire/ -- HIGHLIGHTS: * FICO was named a Category Leader in enterprise fraud solutions and anti-money laundering (AML) solutions by research firm Chartis Research. * Category Leaders are defined by Chartis as having high market potential and completeness of o...
China Guangfa Bank Credit Card Center Cuts Collection Costs and Improves Customer Service Using FICO Solution
Guangfa Bank Credit Card Center wins prestigious "Best Self-Service Banking Project inChina" award from The Asian Banker BEIJING, Aug. 9, 2017 /PRNewswire/ -- HIGHLIGHTS: * China Guangfa Bank Credit Card Center is using FICO® Customer Communications Services (CCS) to help reduce its cost of ...
FICO Survey: 77 Percent of APAC Banks Say Inability to Rate the Risk of Unbanked Consumers Constrains their Business Growth
41 percent of APAC banks have a customer growth target of 20 percent or more
for 2017
SINGAPORE, June 22, 2017 /PRNewswire/ --
FICO Survey: 1 in 5 APAC Banks Say Tax Evasion Will More than Double in 2017 Despite New Regulation
India and Korea first APAC countries to comply with AEOI changes in September
2017
SINGAPORE, May 24, 2017 /PRNewswire/ --
APAC Banks Say They Will Stop Doing Business with Suppliers that Fail Cybersecurity Audits
FICO Survey: Banks believe large retailers and telcos are most likely to be
exposed to data breaches in 2017
SINGAPORE, May 9, 2017 /PRNewswire/ --
Financial Crime Solutions in Demand as Nepal Moves to Grow Economy
FICO partners with ELAM to showcase solutions at national banking symposium SINGAPORE, Feb. 3, 2017 /PRNewswire/ -- HIGHLIGHTS: * The Nepalese government has called for enhanced governance and risk management compliance capabilities, to help combat cases of financial crime in the country. ...
FICO Survey: APAC Consumers Taking Longer To Pay Bills
SINGAPORE, Dec. 21, 2016 /PRNewswire/ -- HIGHLIGHTS: * 59 percent of senior Asia Pacific collections managers indicated that consumers took longer to pay their bills in the past year * 41 percent have seen the highest growth in 60-days past due payments, while 72 percent have registered a ...
FICO Drives Greater Financial Inclusion in the Philippines with National Credit Bureau Scores
SINGAPORE, Oct. 28, 2016 /PRNewswire/ -- HIGHLIGHTS: * FICO® Score for International Markets will combine, compare and standardize bureau information inthe Philippines to improve consumer credit assessment * The FICO Score will initially use data from CIBI, the Philippines' first and only ...
Poorly Conceived FinTech Lending Models Could Have Unintended Consequences
SINGAPORE, Aug. 31, 2016 /PRNewswire/ -- * Poorly designed credit risk models can harm consumers, lenders, investors and the overall financial system * Fintech companies that circumvent regulations may be putting their customers and themselves at risk * The best credit risk models have fiv...
FICO Survey: APAC Banks Say IFRS 9 Could See Up to 30 Percent of Retained Earnings Set Aside for Future Losses
SINGAPORE, July 4, 2016 /PRNewswire/ -- HIGHLIGHTS: * Only 56 percent of FICO APAC CRO Forum respondents believe that APAC banks will be able to meet the International Financial Reporting Standard (IFRS) 9 implementation deadline ofJanuary 1, 2018 * Only half of respondents have built mode...
88 Percent of APAC Banks Anticipate Rise in Terrorism Funding in 2016
SINGAPORE, March 24, 2016 /PRNewswire/ -- HIGHLIGHTS: * FICO survey of bank executives finds 88 percent of respondents foresee growth in terrorism funding this year * 47 percent of respondents say counter-terrorism efforts will be centered on know your customer and customer due diligence me...
APAC Banks Say They are Most at Risk from Data Breaches at Large Retailers and Telcos in 2016
SINGAPORE, Jan. 25, 2016 /PRNewswire/ -- HIGHLIGHTS: * 38 percent of respondents ranked large retailers as being at the greatest risk for a data breach in 2016, with another 35 percent of respondents choosing telecommunications companies. * By contrast small business (25 percent) and health...
China Minsheng Bank Processes 3.5 Million Online Credit Card Applications Automatically Using FICO Customer Onboarding
BEIJING, Jan. 21, 2016 /PRNewswire/ -- HIGHLIGHTS: * China Minsheng Bank has created an online credit card application decision program that allows customers to apply using either online or mobile channels and receive an instant approval decision. * Since implementing the FICO solution, a l...
Prudential Life Insurance Korea Reduces Underwriting Costs Using FICO Automation
SEOUL, South Korea, Dec. 22, 2015 /PRNewswire/ -- HIGHLIGHTS: * Prudential Life Insurance of Korea (Prudential of Korea) has automated 40-50 percent of new policy underwriting using FICO technology, a considerable lift from the industry standard of 4-5%. * The FICO solution not only revolu...
64% of Leading APAC Bankers Feel Unprepared for a Cyberattack
SINGAPORE, July 27, 2015 /PRNewswire/ -- SURVEY HIGHLIGHTS: * 55% of senior APAC bank executives were unsure if their organization currently ran regular audits of data and networks to check if the company had suffered data loss. * 73% of respondents said their CEO/Company board had priorit...
APAC Banks Lose 10-20 Percent Deposit Revenue Not Using Analytics, Say CROs
SINGAPORE, June 10, 2015 /PRNewswire/ -- SURVEY HIGHLIGHTS: * 20 percent of respondents said they thought they could deliver more than 20% additional revenue using analytics.26 percent said they could deliver between 10-20% more revenue, while48 percent thought they could deliver up to 10% ...
China's Leading Alternative Lenders Adopt FICO Risk Management Technology to Strengthen Viability and Profits Amid Rapid Growth
BEIJING, March 10, 2015 /PRNewswire/ -- FICO
FICO Engages Sri Lankan Banking Community on Benefits of Analytics-Based, Automated Business Decisions
SINGAPORE, Feb. 12, 2015 /PRNewswire/ -- FICO
FICO Supports Growth of Micro-Lending in China with SaaS-based Credit Decisioning Platform
BEIJING, Jan. 29, 2015 /PRNewswire/ -- FICO
FICO and CTOS Introduce World's Leading Credit Score To Malaysian Lenders
KULA LUMPUR, Malaysia, Nov. 25, 2014 /PRNewswire/ -- FICO
