Fraud and identity authentication — Working together

Whenever a payment is made, there’s a risk that the account has been taken over by a fraudster. To ensure transactions are legitimate, financial institutions perform identity authentication analysis and transaction risk analysis. While most organizations use two different systems to carry out these checks, FICO® Falcon® Platform customers can now manage both processes within Falcon Platform. By combining variables from the authentication system and transaction data, smarter analytic models can be created to detect more fraud and reduce false positives for a better customer experience.