VISTA InfoSec

SEPTEMBER 5, 2024

These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures. To stay ahead of cyber security threats, SMEs must adopt a proactive approach by conducting regular risk assessments and investing in effective cyber security solutions.

Security

VISTA InfoSec

OCTOBER 21, 2024

These professionals can conduct a thorough risk assessment, identify vulnerabilities, and implement appropriate incident response measures. To stay ahead of cyber security threats, SMEs must adopt a proactive approach by conducting regular risk assessments and investing in effective cyber security solutions.

Security

FICO

MARCH 24, 2021

Apart from identifying money laundering and terrorist financing risks in trade transactions, organizations must also think about potential anti-bribery and corruption concerns, as being pressured to pay bribes can lead to FCPA (Foreign Corrupt Practices Act) violations and hefty fines. . Set clear and realistic priorities.

Money Laundering

VISTA InfoSec

OCTOBER 20, 2023

This blog explores the importance of DRP in the context of EHRs and provides insights for healthcare CIOs to establish or enhance their DRP. Perform ePHI Risk Assessment: Potential Threats: Identify threats to ePHI assets, including natural disasters, technical issues, and security threats.

Disaster Recovery

VISTA InfoSec

MARCH 5, 2024

This blog post will delve into one such critical area – Requirement 9: Restrict Physical Access to Cardholder Data. Whether you’re a business owner, a security professional, or just someone interested in data security, this blog post will provide you with valuable insights into the latest updates in PCI DSS Requirement 9.

PCI DSS

VISTA InfoSec

JULY 5, 2023

With the proliferation of people paying hospital bills and health insurance using credit and debit cards, the risk of identity theft has also augmented exponentially! In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. Requirement 12.6)

PCI DSS

FICO

NOVEMBER 30, 2016

In my recent blog, “Real talk: The imminent and very real danger of IoT,” I wrote: Due to lack of security features, creating an IoT botnet is a great deal easier than phishing users to compromise PCs. I predict that we will see big advances in how ESS is adopted as an important risk assessment tool. Who’s scoring you now?

AI

FICO

JANUARY 25, 2018

In a previous blog , I defined what is meant by a security or cybersecurity posture. Here are just three examples of where it is necessary to understand the cybersecurity posture of your business partners: Vendor risk management – understanding your suppliers’ (and their suppliers’) cyber risk. Customer desertion.

Cybersecurity

PYMNTS

MAY 4, 2018

The blog posted excerpts from an email reportedly sent by Amazon Business to U.S. In its email, Amazon Business assured that companies will receive payment no longer than seven days past-due, while the eCommerce conglomerate also assured sellers that it will handle credit risk assessment, billing and collection.

Risk Assessment

FICO

SEPTEMBER 15, 2022

We have been on a journey in Saudi since 2011, to grow lending and increase financial inclusion through the adoption of advanced risk assessment tools,” said Swaied Alzahrani, CEO of SIMAH. Prior to the implementation, lenders in the region had been relying heavily on salary data to assess a consumer’s propensity to repay a loan.

Financial Inclusion

FICO

APRIL 17, 2019

Organizations can use the ABC and their individual cyber risk score as a basis for the following: Objective self-assessment. Third-party and supply chain risk assessment. Comparative assessments (between organizations or over time). Why are larger companies a bigger risk?

Cybersecurity

VISTA InfoSec

FEBRUARY 28, 2024

In this blog post, we will delve into the changes introduced in PCI DSS Requirement 8 from version 3.2.1 We aim to provide a clear understanding of what these changes mean for your organization and how to implement them effectively. Change passwords often based on risk level. Higher risk systems need more frequent changes.

PCI DSS

FICO

JUNE 23, 2023

The updated model reflects the evolving credit landscape and credit behavior to help better inform a higher level of consumer credit risk prediction. The validation results for FICO Score 10 T demonstrate improved credit risk prediction for this segment of the population. Moma holds an MBA and a Masters degree in Computer Science.

Risk Assessment

Open Bank Project Blog

NOVEMBER 27, 2024

This assertion kicked off the conversation, setting the tone for a critical roundtable discussion on the role of climate risk in financial markets and security pricing. Although awareness has grown, in many cases these risks are still difficult to predict without the right tools and data.

Risk

Finovate

OCTOBER 8, 2024

. “Plaid provides both market-leading authentication through online banking and traditional account and routing number validation in the background,” the company explained in a blog post. The second benefit is lower risk. Plaid’s risk assessment results in fewer returns for recurring payments.

Non-Bank

PYMNTS

JUNE 16, 2016

Its biggest plan, reports said, is to use QuadMetrics’ capabilities in predictive analytics and risk assessment strategy to create an “enterprise security score” for business customers. QuadMetrics says it had achieved 90 percent accuracy in predicting the chances that a company will suffer a cyber attack.

Security

FICO

APRIL 28, 2023

Home Blog FICO What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends? Credit Risk Assessment Trends For a couple of decades now, there has been a growth in the use of alternative data (i.e., consumer data not included in the traditional credit file) for credit risk assessment.

Credit Risk

Nanonets

APRIL 11, 2023

In this blog post, we will discuss the challenges faced by commercial lenders today, the pain points in the loan process, and how loan automation can address these issues to deliver significant benefits to all stakeholders. This disjointed communication results in inefficient information exchange and slows down the loan origination process.

Origination

FICO

JANUARY 21, 2020

The Empirica Score was developed by predictive analytics software company FICO with the aim of equipping organisations that offer credit to their customers with solid risk assessment when determining an applicant’s eligibility for a credit. Account Origination Analysis Shows Downward Shift in Risk. Source: FICO Blog.

Credit Risk

FICO

JUNE 2, 2023

Home Blog Feed test Icing on the Cake: How the FICO Score and alternative data work best together Significant attention has been paid recently to the potential for use of alternative data to enhance the predictiveness and inclusiveness in credit scoring. See all posts chevron_left Blog home expand_less Back to top Related posts

Credit Risk

FICO

NOVEMBER 30, 2017

If an applicant has a medium risk of synthetic identity fraud at point of origination, this risk assessment may increase over the course of several years as new data indicates the now customer is part of a fraud ring. Step 3 – Collaboration with Risk. What if your organization can act on that identity now?

Risk

FICO

APRIL 12, 2023

And while some of our clients’ business lines benefit from the very latest innovations, others such as mortgage continue to find that older versions of the FICO® Score – even some that were first developed decades ago – meet their needs for credit risk assessment. That’s because FICO® Scores are built to last. Ethan has a B.S.

Credit Risk

FICO

JANUARY 8, 2019

FICO Score hitting a new high in 2018 or the use of machine learning to challenge the score - dominated reader interest on the Risk & Compliance blog in 2018. Topics around the FICO® Score - whether it's about the average U.S. Here are the five posts with the most views. Average U.S. FICO Score Hits New High. The average U.S.

Compliance

Global Fintech & Digital Assets

OCTOBER 30, 2023

As before, and as described in our previous blog posts, intermediaries providing VA services will have additional terms and conditions imposed on their licences to implement the VA regulatory framework. This blog post sets out the key changes that the Joint Circular implemented to the previous VA regulatory framework.

Regulations

FICO

JANUARY 4, 2018

As artificial intelligence applications exploded last year, our blog posts on AI and machine learning drew thousands of readers. Indeed, taken together, they explored many aspects of Explainable AI and its applications, particularly in the area of credit risk. Enterprises: Lax cyber security? You’re about to be found out. “I

Posting

PYMNTS

AUGUST 14, 2018

Amazon has also promised that it will handle credit risk assessment, billing and collection for its sellers. For all Pay by Invoice transactions, payment to you is guaranteed, even if the Amazon Business customer is late or defaults on their payment to Amazon,” the email stated, according to the blog.

Risk Assessment

Global Fintech & Digital Assets

MARCH 5, 2024

In December 2023, the HKMA also published a consultation outlining a legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ) as well as a consultation on prudential treatment of cryptoasset exposures in February 2024 (see this Latham blog post ).

Authorization

FICO

JANUARY 10, 2017

The minimum criteria needed to produce the FICO Score aren’t arbitrary — they are the result of decades of research into risk assessment. In our prior blog, Will Looser Scoring Standards Help Millions More Americans Get Mortgages , typical application rates are very low, under 4%. More detail and can be found in Figure 1.

Research

FICO

APRIL 24, 2023

Trust combines this fast onboarding journey with comprehensive risk assessment by using predictive models, analytics and parameters built into its decision engine. We combine risk management fundamentals with data science and customer segmentation to help us arrive at optimum risk outcomes,” said Lohia.

Near Real-Time

FICO

NOVEMBER 1, 2017

With all the hype around artificial intelligence, many of our customers are asking for some proof that AI can get them better results in areas where other kinds of analytics are already in use, such as credit risk assessment. My colleague Scott Zoldi blogged recently about how we use AI to build credit risk models.

Credit Risk

FICO

OCTOBER 10, 2022

chevron_left Blog Home. FICO Fact: Can having no credit score be better for consumers than a low credit score? A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Joanne Gaskin. See all Posts.

Consumer

Nanonets

JUNE 12, 2024

In this blog, we will discuss five essential optimization practices for supply chain optimization today. To get started with supply chain automation, read our in-depth blog on how to automate your supply chain by clicking below - The Ultimate Guide to Supply Chain Automation The ultimate guide to supply chain automation.

Automation

FICO

AUGUST 27, 2019

“Knowing your cyber risk is invaluable and knowing the cyber risk of third parties you work with is essential,” said Doug Clare, vice president of cybersecurity solutions at FICO. Develop workflow to address the intersection of risk and criticality. Assess high-impact suppliers frequently. Read the full media release.

Cybersecurity

FICO

DECEMBER 21, 2018

Last year I predicted there would be huge uptake in cyber risk assessment tools like the FICO® Cyber Risk Score. Chamber of Commerce announced the first national cybersecurity assessment , called the Assessment of Business Cybersecurity (ABC). Here are three ways they’ll work to cure their cyber insecurity.

Data Breach

FICO

OCTOBER 31, 2017

With all the benefits of artificial intelligence, many of our customers are wanting to leverage machine learning to improve other types of analytic models already in use, such as credit risk assessment. My colleague Scott Zoldi blogged a few years ago about how we use AI to build credit risk models.

Credit Risk

M2P Fintech

NOVEMBER 7, 2024

In this blog post, we will explore the essential features of loan origination systems that every lender must have. Enhanced compliance management : By integrating compliance checks seamlessly, it reduces the risk of errors and regulatory penalties in a heavily regulated environment. What is a Loan Origination System?

Origination

M2P Fintech

JANUARY 28, 2025

In this blog, we’ve curated a list of the top 5 loan management software solutions, and their standout features to help you find the best match for your lending needs. Simplified NPA Management : This platform automates loan classification into substandard, doubtful, or NPA categories, enhancing risk assessment and portfolio control.

Payment APIs and Integration