The FICO Foundation Model for Financial Services (FICO FFM) is designed to help financial services firms derive “sustained value” from generative AI models, the company said in a news release Tuesday (Sept. 23). “The focused foundation model represents a practitioner’s approach to gen AI in financial services, moving beyond trying to refine universal knowledge models,” FICO Chief Analytics Officer Dr. Scott Zoldi said in the release. FICO FFM consists of FICO Focused Language Model for Financial Services (FICO FLM) and FICO Focused Sequence Model for Financial Services (FICO FSM), according to the release. This helps bolster real-time detection accuracy across financial services transaction analytics, while capturing “complex inter-relationship sequences” in scenarios like payment fraud and real-time risk assessment. For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.