Open Banking: Streaming Analytics for Behavioral Profiling

The open banking changes, specifically the need to fight fraud and keep genuine customers happy, means that behavioral profiling at the individual customer’s level is crucial to achieving objectives.

Abstract architecture
Radial circle

White Paper

Digital banking channels are increasingly popular, and understanding the behavior of genuine customers is vital in preventing new types of fraud. Only by understanding each customer’s behavioral patterns, in terms of their transactional activity, is it possible to develop effective solutions that fight increasingly sophisticated digital fraud. The open banking revolution makes understanding each customer’s behavior even more important in preventing fraud by considering all the aspects of transactions. Transactions in the world of open banking contain data not previously seen in the payments ecosystem. This white paper focuses on patented behavioral profiling approaches that are extremely important in tackling fraud that happens when banks share financial data with third parties through application programming interfaces.

Download your free White Paper
FICO may send me news & updates via email.
I agree to the Terms and Privacy Notice.

Take the next step

Connect with FICO for answers to all your product and solution questions. Interested in becoming a business partner? Contact us to learn more. We look forward to hearing from you.