FICO to Protect Axis Bank Customers Against Transactional Fraud

Singapore — November 5, 2013 — FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that Axis Bank, India’s third largest private sector bank, has chosen FICO^® Falcon^® Fraud Manager to enable detection and prevention of fraud in its growing consumer banking portfolio, including credit and debit cards, ATM transactions and the merchant acquiring business.

Axis is the largest Indian national bank to adopt the FICO solution, and will be using the latest version, FICO Falcon 6, to protect its credit and debit card accounts. The solution enables the bank to detect potential fraud at the transaction level in real time and take appropriate action to prevent it.

FICO^® Falcon^® Fraud Manager is regarded as the most accurate and comprehensive solution for detecting payment card fraud. Used by more than 9.000 financial services organizations worldwide, FICO Falcon Fraud Manager protects more than 2,5 billion card accounts, including more than 50 million in the Asia Pacific region. Over the past 20 years, FICO Falcon Fraud Manager has saved US card issuers more than US$ 10 billion and APAC issuers more than US$ 1,7 billion.

“We have proactively opted for FICO Falcon Fraud Manager to further secure our customer’s transactions, unimpeded by any online threats,” said Jairam Sridharan, head of Consumer Lending and Payments, Axis Bank.

Dan McConaghy, president for FICO in Asia Pacific, said, "Fraud management is an essential component of the analytic arsenal that defines a best-practice lending operation. By introducing FICO Falcon Fraud Manager, Axis Bank, as one of the largest and fastest-growing banks in India, is helping spur the entire industry to greater consumer protection and growth."

More information on FICO’s enterprise fraud approach is at www.fico.com/enterprisefraud.
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About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

With its 2.021 domestic branches (including extension counters) and 11.488 ATMs across the country, as on 30th June 2013, the network of Axis Bank spreads across 1.300 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has overseas offices in UK, Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi.

The bank’s website http://www.axisbank.com offers comprehensive details about its products and services.

Sobre a FICO
A FICO (NYSE: FICO) é uma grande empresa de software analítico que ajuda empresas em mais de 80 países a tomar melhores decisões que levem a níveis mais elevados de crescimento, rentabilidade e satisfação do cliente. O uso inovador que a empresa faz do Big Data e de algoritmos matemáticos para prever o comportamento do consumidor está transformando setores inteiros. A FICO fornece software analítico e ferramentas utilizadas em vários setores para gerenciar riscos, combater a fraude, construir relacionamentos mais rentáveis com os clientes, otimizar operações e cumprir regulamentações governamentais rigorosas. Muitos de nossos produtos são adotados em todo o setor, como o FICO^® Score, a medida padrão de risco de crédito ao consumidor nos Estados Unidos. As soluções da FICO utilizam padrões de código aberto e computação em nuvem para maximizar a flexibilidade, acelerar a implementação e reduzir os custos. A empresa também ajuda milhões de pessoas a gerenciar sua qualidade de crédito pessoal.

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For FICO news and media resources, visit www.fico.com/news.FICO, Falcon and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the US and other countries.