FICO launches new version of its payment fraud solution

Releasing solution update

FICO, a predictive analytics and decision management technology, is launching its latest version of its payment fraud solution, FICO Falcon Fraud Manager 6.3 (view press release). The new version protects consumers’ card and demand deposit (DDA)/current accounts from various forms of payment fraud, including e-payments fraud.

The new solution enables financial institutions to leverage self-learning behavioural analytics to detect and prevent fraud in real time. Financial institutions can also meet regulatory requirements by integrating behavioural analytics for remote banking as well as leveraging a single transaction monitoring, investigation and decision-enabling solution within their enterprise fraud defence framework.

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