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FICO Decision Central Reviews & Product Details

FICO Decision Central Overview

What is FICO Decision Central?

FICO Decision Central manages all decision assets and analytic models across the entire lifecycle. FICO Decision Central minimizes compliance risk with streamlined validation reporting, consistent workflow processes, automated approval capture and accurate audit trails. By enhancing model performance, it allows businesses a single pane of glass to manage risk.

FICO Decision Central Details
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Product Description

FICO Decision Central manages all decision assets and analytic models across the entire lifecycle. FICO Decision Central minimizes compliance risk with streamlined validation reporting, consistent workflow processes, automated approval capture and accurate audit trails. By enhancing model performance, it allows businesses a single pane of glass to manage risk.


Seller Details
Seller
FICO
Year Founded
1956
HQ Location
San Jose, California
LinkedIn® Page
www.linkedin.com
3,729 employees on LinkedIn®
Ownership
NYSE:FICO
Total Revenue (USD mm)
$1,294

SF
Overview Provided by:

Recent FICO Decision Central Reviews

Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"FICO Decision Central Review"
A good knowledge and expertise in risk management domain. It has increased the efficiency of the model. It's very user friendly. A tool for reporting.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"FICO Decision Central Review"
We were given the opportunity to use FICO decision as a trial basis to help with our employee on boarding which helped streamline the background pr...
Verified User
C
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Great Software for managing Risk"
Good functional knowledge. The simplicity & ease of use of the tool.
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FICO Decision Central Media

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12 FICO Decision Central Reviews

4.0 out of 5
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12 FICO Decision Central Reviews
4.0 out of 5
12 FICO Decision Central Reviews
4.0 out of 5

Overall Review Sentiment for FICO Decision CentralQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Verified User in Human Resources
UH
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

We were given the opportunity to use FICO decision as a trial basis to help with our employee on boarding which helped streamline the background process in credit checks and other personal info when making offers. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

The challenge we faced with FICO decision was that it limited our ability to view potentially important info on a candidate as we work with client sensitive info so we had trouble viewing beyond 7 years. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

We were looking into using FICO decision as alternative to the major credit agencies as a lower cost alternative to reducing overhead. We were able to realize saving in excess of 10 percent Review collected by and hosted on G2.com.

Verified User in Internet
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

A good knowledge and expertise in risk management domain. It has increased the efficiency of the model. It's very user friendly. A tool for reporting. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

Sometimes it's bit confusing and complex to understand when we need the reports for validation.The visualisation also may not work at times. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

Automating the tasks. Generating reports. Improving buisness model. Audit trials to minimize risks Review collected by and hosted on G2.com.

MO
Business Development Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

Best thing I like about this application is that it is so natural to work with. It is a platform that handles real time streaming of data including visualisation, indexing, search and pre-processing based on rules that are define in advance. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

The product is not very user friendly, there is a heavy dependency on IT teams Review collected by and hosted on G2.com.

Recommendations to others considering FICO Decision Central:

FICO provides an extensive suite of products that support the creation of analytical models. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

It provides a large number of connectors for diverse data sources, including both batch and streaming big data. In essence it provides a platform to handle data in real- time. Review collected by and hosted on G2.com.

Verified User in Health, Wellness and Fitness
CH
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

Providing solutions to marketing and analytics and data results that help with

decisions economic growth in a company . Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

There are so many options and so many they try to engage in that it is a little messy to know why or what options to use. The website for potential customers is a sensory overload. In addition people confuse experian in that receiving a credit score is through exerpian with a combination of fico credit score. Fico is then is then labeled as a credit score abd nothing more. Review collected by and hosted on G2.com.

Recommendations to others considering FICO Decision Central:

Decide what you need before going to fico. Don't go to fico without knowing because there are too many options that it becomes a problem in itself. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

Where to market ads and how are those ads resulting in sales. These are then used to find what markets we need to focus on and change. In addition to changing marketing material to the customer. Review collected by and hosted on G2.com.

Verified User in Insurance
CI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

Good functional knowledge. The simplicity & ease of use of the tool. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

Complexity when we need to generate reports. We may get issues sometimes which we can't resolve at that time. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

We generate reports every day and monthly statements to see how rules are being used to approve/decline new credit card requests Review collected by and hosted on G2.com.

Verified User in Research
UR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

FICO Decision Central's biggest strengh is its detailed reporting features. They are useful for many lanes (financial, regulatory, business development, etc.). You can build simple reports that give the 10,000 foot view and then easily switch to more comprehsenive reports to look at the data from multiple angles. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

Learning this software was time confusing and tedious. It's difficult for different departments and lanes to get the data to talk to each other correctly without extensive IT support. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

Risk management reporting and analysis

Regulatory compliance

Financial reporting ans accounting analysis

Documentation Review collected by and hosted on G2.com.

Verified User in Banking
UB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

It's used mainly banking sector. User friendly software. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

Nothing is about dislike, it's good product Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

HRMS software for bank employees Review collected by and hosted on G2.com.

SK
Cherry
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about FICO Decision Central?

We can customize rules which are set and used to validate credit decision making as required by business. We use this product to validate credit decisions for customers registered into an website. We set rules to define the criteria of new members and these rules were deployed into product which will validate new requests and take action accordingly. We generate reports every day and monthly statement s to see how rules are being used to approve/decline new credit card requests and accordingly we set rules in product. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

I feel it is bit complex when we need to generate some reports of out of decisions made to validate. Sometimes we get issues which we may not be able to resolve them and have to raise ticket with FICO to resolve them. This causes delay in changes for business and can also have financial impacts. Review collected by and hosted on G2.com.

Recommendations to others considering FICO Decision Central:

Best to define rules and deploy them at regular basics to see how this tool is benefiting your business. Make use of daily/monthly reports generated from product to review the performance. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

We use this product to validate credit decisions for customers registered into an website. We set rules to define the criteria of new members and these rules were deployed into product which will validate new requests and take action accordingly. We generate reports every day and monthly statement s to see how rules are being used to approve/decline new credit card requests and accordingly we set rules in product. Review collected by and hosted on G2.com.

Verified User in Business Supplies and Equipment
EB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

FICO Decision Central allows me to do the following things with utmost ease:

a) Reduce my risk with expansive audit trials

b) To increase the efficiency of my model by enhancing its performance

It allows the user to be at ease with the above-mentioned business decisions. Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

At times the alerts and visualisations may not work, or they may load in a partial manner, apart from that, the rest of it just works in the most beautiful way one wants it to. Review collected by and hosted on G2.com.

Recommendations to others considering FICO Decision Central:

I would recommend it with my entire will. It is really efficient and is the best thing created till date. Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

I am using FICO Decision Central for the following tasks:

a) Cross-check my audit trials

b) Improve my model of business

c) Finding loopholes and fallouts

d) Automation of tasks.

I have realised that with FICO Decision Central, the costs are largely reduced for paltry jobs and that the work can be focused on other areas, requiring more importance as FICO does the work absolutely well. Review collected by and hosted on G2.com.

Verified User in Accounting
GA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about FICO Decision Central?

There are numerous regulatory requirements in this industry and this software helps me to be compliant Review collected by and hosted on G2.com.

What do you dislike about FICO Decision Central?

Startup process is slightly confusing and takes a long time.there are some glitches also in the system Review collected by and hosted on G2.com.

What problems is FICO Decision Central solving and how is that benefiting you?

Helps navigate the regulatory framework. The analytics suite is clean and user friendly Review collected by and hosted on G2.com.