FICO Banking: Banking Operations and Regulatory Compliance
FICO Banking provides banks and financial institutions with tools and analytics for banking operations, risk management, customer intelligence, and regulatory compliance, combining data, analytics, and advisory services.
What is FICO Banking?
FICO Banking is an integrated software platform designed specifically for banks and financial institutions. It provides a comprehensive set of capabilities across key functional areas including:
- Banking operations - tools for improving efficiency, productivity, and agility of core banking processes
- Risk management - predictive analytics and models for credit risk, fraud, and security
- Customer intelligence - customer analytics and campaign management capabilities to acquire, deepen, and retain customer relationships
- Regulatory compliance - solutions to help banks meet regulatory requirements related to risk, finance, and reporting
Key capabilities and benefits of FICO Banking include:
- Increasing lending revenue and reducing credit losses through risk modeling and segmentation
- Enabling personalized pricing strategies aligned to risk appetite and saving opportunities
- Improving operational efficiency through process optimization and automation
- Providing a customer-level view for targeted cross-selling supported by predictive analytics
- Helping ensure regulatory compliance and reporting
FICO Banking brings together software, analytics, and advisory services into one integrated real-time platform tailored for the banking industry. It enables banks to leverage data and analytics at scale to drive better business decisions, improve efficiency, manage risk, and deliver a personalized customer experience.