transforming decision management in the banks for lending ... · optimized execution steaming...
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© 2019 Fair Isaac Corporation.. 1
© 2019 Fair Isaac Corporation..
This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation’s express consent.
Transforming Decision Management in the Banks for Lending in the Digital Age
Jari KoisterVP Product and Technology, Platform
© 2019 Fair Isaac Corporation.. 2© 2019 Fair Isaac Corporation.. 2
Minimize Accidental difficulties.
Focus on Essential difficulties.
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© 2019 Fair Isaac Corporation.. 4
1987 Program to Systems Product
ProgramProgramming
SystemInterfaces, Integration
Programming
ProductQA, Doc,
Generalization, Maintenance
Systems Product
3✗
3✗
“..stand the systems product. This differs from programs in all of of the above ways. It costs 9 times as much. But it is the truly useful object…”
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Essential difficulties 1987
Complexity.
Conformity
Changeability.
Invisibility
Brooks, 1987
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Hopes for Silver in 1972
Object-orientation
High level languages
Graphical Programming
Automatic Programming
Artificial IntelligenceExpert Systems
Program verification
Environments and tools
Workstations
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Customer
Needs Technology
Regulatory
ChangeCompetition
Rise of the
Platforms
Availability of
Venture Funding
☨The New New Banks, Citi Research, March 2019
Fast Forward to 2019: Drivers of Digital Transformation
Digital
Transformation
Digital Transformation
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Customer Engagement Objectives
Act at the exact right moment
Responsiveness
Access more, disparate, dataDecisioning
Drive decisions across all interactions and
continuously improveDecisioning
Customer InsightsProfitability
Focus on what matters.
Less Complexity
Lower Cost.
Fast time to market.
Scale and Elasticity
Operational Improvements
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2019: This Means Building New Systems, Often starting with Cloud Based Services
Cloud Service
Cloud Services System
Technology Integration, Upgrades, Legacy systems
and architectures
Data DrivenData Management, Compliance, Risk
management, Model development and
management at scale.
Data and AI Driven Cloud
Service System
?β
?α
“..stand the systems product. This differs from programs in all of of the above ways. It costs α* β times as much. But it is the truly useful object…”
© 2019 Fair Isaac Corporation.. 1010© 2019 Fair Isaac Corporation..
Essential Difficulties 2019
Need for speed.
Uncertainty in function.
Technology change.
Scale and cost.
Complexity.
Conformity
Changeability.
Invisibility
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Hopes for Silver in 2019
Service oriented architecturesHadoop and M/R
Deep learning
Automated machine learning
Artificial Intelligence
Decision Management
Data lakes
Integrated platforms
Block chain
Empower the business user
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Decision Management Suite and Decision Management Platform
Execution Platform
DeepLearning
Optimized Execution
Steaming Decision and
Analytic Pipeline
Batch Decisionand Analytic Pipeline
MachineLearning
DecisionExecution
Application Framework
Workflow Rapid App Dev
Data Ingestion
ETL
Batch
Real-timeevents
Developer / Tools Environment
StreamingApp Designer
Application Studio
OptimizationAnalyticsDecisions
Data Storage
COMMON CLOUD SERVICES (IaaS)
DATA CENTERS – FICO, AWS (Infrastructure Services – IaaS Layer)
CUSTOMER LIFECYCLE MANAGEMENT SERVICES
CUSTOMER COMMUNICATION SERVICES & EDOC
CUSTOMER PROTECTION SERVICES
Onboardingand Origination
Collections andRecovery
CustomerServicing
DECISION MANAGEMENT SUITE (PaaS)
Serving Platform
Active / Active Disaster Recovery Management Logging PCI Reporting Billing
Fraud Compliance Cyber Managementand Governance
AnalyticsAsset Management
Model Trackingand Governance
Data Linageand Governance
Re
al-
tim
e
De
cis
ion
s
Re
al-
tim
e
Sc
ori
ng
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FICO Platform supports: Simple, Lovable, Complete Philosophy
Point Solution
Centralized Decisioning
Enterprise Standard
Re
turn
on
In
ves
tme
nt
Re
ve
nu
e / E
xp
en
se
Ra
tio
$1X
$4X
$20X
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Focus on Essential, Minimize Accidental
Simplify
Manage
Uncertainty
Incremental
Unified platform for data and execution
Life cycle: Data Science, Decisioning, AI
Build Skateboards ⏤ Not Wheels
© 2019 Fair Isaac Corporation.. 15
© 2019 Fair Isaac Corporation..
This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation’s express consent.
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