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What is Focus?

Focus serves as an essential instrument that enhances transparency, efficiency, and effectiveness in model governance while ensuring that these attributes are upheld. By utilizing Focus, you can systematically adhere to best practices for regulatory compliance, allowing for a more controlled approach to governance. It is vital to outline and implement clear policies and processes to keep everything aligned. Maintaining comprehensive records, along with thorough reporting and remediation efforts, is crucial to prevent oversight. This tool provides organized access to all models, reports, documents, and real-time dashboards for tasks and actions, which significantly aids in prioritization and resource management. Moreover, it offers a singular, practical solution to streamline operations. Additionally, key aspects include model dependencies, established taxonomy, and data definitions, along with a centralized model inventory. Risks associated with models are identified, and remediation strategies are tracked effectively. It also supports management of model lifecycle events and associated workflows. An exhaustive audit trail is maintained for tracking and reporting purposes, with user-configurable options for reporting and querying available. Lastly, its flexible implementation ensures adaptability to various organizational needs and structures.

What is FICO Decision Central?

Provides a cohesive inventory of all crucial assets for decision-making within a company, managing them throughout their complete lifecycle. Acting as an all-encompassing dashboard for decision-related risks, FICO Decision Central guarantees effective decision governance, minimizes risk exposure, promotes continuous learning and improvement, and enhances centralized collaboration across the organization. It simplifies workflows and handles processes by reviewing, approving, and monitoring open tasks throughout the entire model lifecycle, which spans from the initial project proposal to development, deployment, maintenance, evolution, and eventual retirement. In-depth reporting and robust controls address the rigorous regulatory compliance requirements stemming from new legislation, ratings policies, capital standards, and financial reporting obligations. Moreover, it systematically assesses, validates, reports, monitors, tracks, and improves the performance of decision models throughout their lifecycle, helping organizations adapt and flourish in a constantly evolving landscape. This proactive strategy not only enables organizations to make well-informed decisions but also ensures they remain compliant while fine-tuning their decision-making processes for greater efficiency and effectiveness. By integrating these capabilities, FICO Decision Central positions organizations for sustained success in a competitive marketplace.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Paragon Business Solutions

Date Founded

1991

Company Location

United Kingdom

Company Website

www.credit-scoring.co.uk/focus

Company Facts

Organization Name

FICO

Date Founded

1956

Company Location

United States

Company Website

www.fico.com/en/products/fico-decision-central

Categories and Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Categories and Features

Compliance

Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation

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