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November 6, 2013

FICO to Protect Axis Bank Customers Against Transactional Fraud

November 6, 2013

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 $10 billion and APAC issuers more than $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.
Join the conversation on twitter at: @FICOnews_APAC

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.

Über FICO
FICO (NYSE: FICO) ist ein führender Anbieter von Predictive Analytics und Softwarelösungen für Entscheidungsmanagement, das Unternehmen in über 90 Ländern dabei unterstützt, bessere Entscheidungen zu treffen, um Wachstum, Profitabilität und Kundenzufriedenheit zu steigern. Der zukunftsweisende Einsatz von Big Data und mathematischen Algorithmen zur Erstellung von Prognosen zum Kundenverhalten hat ganze Branchen grundlegend gewandelt. Die Analytics-Softwarelösungen und -Tools von FICO werden in den verschiedensten Branchen verwendet, um Risiken und Betrugsfälle zu verringern, profitablere Kundenbeziehungen aufzubauen, Abläufe zu optimieren und strenge regulatorische Vorgaben zu erfüllen. Viele unserer Produkte finden branchenweit Akzeptanz – wie z. B. FICO® Score, die Standard-Messung für Verbraucherkreditrisiken in den USA. FICO-Lösungen integrieren Open-Source-Standards und Cloud Computing, um so maximale Flexibilität und schnelle Bereitstellung zu ermöglichen und Kosten zu reduzieren. Das Unternehmen hilft Millionen von Menschen dabei, ihren persönlichen Kreditstatus zu verwalten.

FICO: Make every decision count™.
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.

Newsroom-Kontakte

Greg Jawski
Amerika

greg.jawski@porternovelli.com
+1 212-601-8248

Darcy Sullivan
Europa, Naher Osten und Afrika

dsullivan@fico.com
+44 (0) 209-940-8719

Saxon Shirley
Asien-Pazifik

saxonshirley@fico.com
+65 6422-7795

Marisa Arribas
Lateinamerika

marisaarribas@fico.com
+1 786 482 7231

Camila Placa
Brasilien

camilaplaca@fico.com
+55 11 5189-8258