FICO® Falcon Platform

Fraud & Security

The FICO® Falcon® Platform is the industry’s leading fraud management solution. It leverages FICO’s proven leadership in predictive analytics and artificial intelligence to deliver real-time, end-to-end fraud, security and compliance management. With the platform, institutions can cost-effectively reduce fraud losses, protect brand reputation, gain efficiencies and improve the customer experience across multiple products, channels and lifecycle stages.

The Falcon® Platform features an open, extensible architecture, delivered either on-premises or in the cloud, helping institutions to maximize the value of their fraud prevention investments.

FICO® Falcon® Assurance Navigator

Risk & Compliance

The controls used to gauge fiscal responsibility are evolving. Analytics and Big Data technologies are removing the constraints of manual processes and enabling new approaches to financial stewardship. For universities receiving federal awards, this new approach to risk management can help protect existing grants while preserving eligibility for future awards.

FICO® Falcon® Assurance Navigator allows CFOs and CPOs to continually monitor 100% of spend, including discretionary expenses, for indications of non-compliance or abuse. This expanded transaction coverage means organizations can now evolve from partial detection of noncompliant spend towards comprehensive prevention of risk.

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FICO® Falcon® Fraud Manager

Fraud & Security

As the foundation of the FICO® Falcon® Platform, FICO® Falcon® Fraud Manager provides core analytic processing power from artificial intelligence to handle an organization’s transactional fraud detection needs such as debt, credit, deposit, ePayments and mobile. It can be used to process events, develop strategies to detect fraud and create cases, and execute associated decisioning across an institution’s products, channels and customers.

FICO® Falcon® Fraud Manager provides deep insight into fraud trends and activity, available on-premises or in the cloud. Powered by FICO’s market-leading predictive analytics, it can adapt to changing fraud trends to detect up to 50% more fraud than rules-based systems.

FICO® Fraud Predictor with Merchant Profiles

Fraud & Security

FICO® Fraud Predictor with Merchant Profiles integrates the predictive power of merchant risk data with the industry-leading analytics of the FICO® Falcon Fraud Manager. Together, these solutions can increase fraud detection by as much as 50% with Fraud Preditor alone up to 15% absolute - and with very low false positive ratios. Issuers that take advantage of this breakthrough combination can receive the highest level of fraud protection available.

Fraud Predictor with Merchant Profiles profiles both merchant and cardholder data for fraud predictions. These profiles feed into models built on the largest consortium of fraud and non-fraud transaction data in the world.  The  data fed from one of the largest association networks looks at fraud and not fraud data to continually update profiles sensitive to the collective fraud behavior shown at particular merchant points.  
 

FICO® Fraud Score

Fraud & Security, Originations, Risk & Compliance, Scores

FICO® Fraud Score helps lenders worldwide increase detection of first- and third-party application fraud, as well as support case management with deeper insight into potential perpetrations and by helping analysts prioritize accounts.

FICO® Identity Resolution Engine

Fraud & Security, Risk & Compliance

FICO® Identity Resolution Engine (IRE) adds a critical dimension to the fight against fraud by proactively identifying and investigating the true identities of perpetrators and fraud rings.  FICO Identity Resolution Engine allows institutions to classify identities and other entities and correlate relationships through their data. Identity Resolution Engine applies predictive graph analytics by analyzing linkages between people, places, documents, and events. Subsequently IRE can generate prescriptive alerts that empower organizations to prioritize fraudulent activity.

IRE is utilized in numerous industries across the public and private sectors to target the detection of organized fraud rings committing financial crimes through bust-out fraud, fraudulent health claims, and other nearly undetectable methods. 

FICO® Identity Resolution Engine

FICO Identity Resolution Engine for Anti–Money Laundering

FICO® Insurance Scores

Scores

FICO® Insurance Scores (formerly known as Credit Based Insurance Scores) give property and casualty underwriters an instant assessment of prospect, applicant or policyholder risk based on credit reporting agency data. These industry-leading scores have helped more than 300 insurers in North America make better decisions based on future claims/loss expectancy. FICO also offers scores that assess property risk based on property inspection and application information.

FICO® Medication Adherence Score

Scores

Medication adherence is closely linked with clinical outcomes. As reported by the Center for Disease Control (CDC), one half of US patients stop taking their medications within one year of being prescribed. The FICO® Medication Adherence Score identifies patients at risk for non-compliance so the chain of healthcare providers can proactively take actions to improve adherence levels through interaction and better decisions on treatment design. Not a retrospective of what happed and what should have happened that places healthcare providers in a reactive mode, but an intelligent analysis and prediction of future risk of non-adherence.

By identifying each patient’s propensity toward medication adherence over the next 12 months, this fully HIPAA-compliant solution helps direct activities to patients at highest risk of noncompliance, improving program efficiency and maximizing results.

FICO® Merchant Monitoring Solution

Fraud & Security

FICO® Merchant Monitoring Solution gives merchant acquirers the industry’s most comprehensive solution to monitor and identify merchants’ capacity for generating losses. The FICO® Merchant Monitoring Solution makes it easy for merchant acquirers to gain an ongoing, deep understanding of the full spectrum of merchant risk — fraud, card association non-compliance, bankruptcy, attrition — and detect and track suspicious transactions.

FICO brings greater insight and efficiencies to monitoring and managing of merchant risk with components that include business rules management and a case management system. Professional services from FICO Consulting are also available.

FICO® Model Builder

Analytics

Today’s consumers are demanding more responsive, individualized treatment—and new data sources are creating opportunities to meet those expectations. For your business to thrive, you need to craft advanced predictive models more swiftly than ever before. FICO® Model Builder supports the complete model development process, letting users access, explore and analyze data, calculate variables, document key modeling steps, and build, evaluate and deploy models. Employed in tandem with other FICO software—such as the FICO® Blaze Advisor® business rules management system—FICO Model Builder helps organizations rapidly adapt predictive models and business rules to fast-changing conditions.

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