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Seeking better results, FICO launches bank-specific AI models

Artificial Intelligence, Payments, Technology /

Adobe Stock: Tada Images FICO, the eponymous credit score provider, announced three artificial intelligence language models for financial services firms on Tuesday: Focused Foundation Model, Focused Language Model and Focused Sequence Model.   In developing its own language models, FICO is offering an alternative to the large foundation models that have become popular in the industry, […]

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Even top earners are falling behind on credit card and car payments

Credit cards, Payments /

Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows. Delinquencies on such debts from those making at least $150,000 annually have jumped almost 20% over the last two years, faster than for middle- and lower-income borrowers, according to

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