October 19, 2021
Scam/Fraud

Latest FICO Fraud Model Helps Identify 50% More Scam Transactions

SAN JOSE, Calif., May 26, 2021 /PRNewswire/ —

Highlights

  • FICO today announced the latest release of the FICO® Falcon® Fraud Manager model for Retail Banking.
  • The FICO® Falcon® Fraud Manager model for Retail Banking leverages machine learning to enhance scam detection in tandem with Falcon Fraud Manager’s existing third-party fraud detection score to better enable banks to detect and prevent authorized push payment (APP) scams.
  • The new Scam Detection Score leverages targeted profiling of customer behavior to help FICO® Falcon® Fraud Manager clients detect 50% more scam transactions.
  • Powered by more than 120 patents in…

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