HSBC Achieves 15% Uplift in Monthly Card Spend Using FICO’s AI-Powered Optimization
Fair Isaac Corproation (FICO)
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Source: Business Wire
FICO® Platform delivers standout results in credit line assignment;HSBC wins 2024 FICO Decisions Award SAN DIEGO--(BUSINESS WIRE)--FICO World – FICO (NYSE: FICO)Highlights:HSBC is using FICO® Platform to grow its credit card portfolioThe project saw a 15% uplift in monthly spend by customers on their cards, as well as improvements in active card use and share of wallet, without increasing bad debtHSBC won a 2024 FICO® Decisions Award for AI, Machine Learning and Optimization.Today at FICO® World, the industry’s leading analytic and AI event, FICO announced that HSBC, one of the world’s largest banking and financial services organisations, has used AI-powered mathematical optimization technology to grow its credit card portfolio. The project saw a 15% uplift in monthly spend by customers on their cards, as well as improvements in active card use and share of wallet, without increasing bad debt. HSBC has won a 2024 FICO Decisions Award for AI, Machine Learning and Optimization.More i
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- Fair Isaac Co. (NYSE: FICO) had its price target raised by analysts at Raymond James from $1,413.00 to $1,418.00. They now have an "outperform" rating on the stock.MarketBeat
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- Fair Isaac Corporation: An Expensive Stock Is Not An Issue If You Have Pricing Power [Seeking Alpha]Seeking Alpha
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- 4/25/24 - Beat
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- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/18/24 - Form 4
- FICO's page on the SEC website