FICO releases new version of its Falcon Fraud Manager

Monday 7 June 2021 13:41 CET | News

FICO, an analytics software provider, has released the Fico Falcon Fraud Manager model for retail banking.

The solution leverages machine learning to detect and prevent scams by adding a Scam Detection Score to Falcon Fraud Manager’s existing third-party fraud detection score for retail banking transfers.

According to Digital Transactions, FICO’s new Scam Detection Score helps Falcon customers detect authorised push payment (APP) scams, using the characteristics revealed by the FICO Falcon Fraud Manager model for Retail Banking to identify 24 times the number of fraudulent transactions on different devices. 

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Keywords: FICO, fraud management, fraud prevention, product upgrade, scam
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime

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