Latest FICO Fraud Model Helps Identify 50% More Scam Transactions
SAN JOSE, Calif., May 26, 2021 /PRNewswire/ —
- 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…