FICO® Application Fraud Manager

FICO® Application Fraud Manager

Stop fraud at the source: Applications.

Product Details

Prevent first-and third-party application fraud through detection across multiple products and channels. Gain access to world-class analytics that can be deployed quickly to protect new products and enhance existing fraud investments.

FICO® Application Fraud Manager can help businesses in any industry to stop credit fraud where it starts: at the point of application. This FICO solution gives firms in a wide range of industries – banking, insurance, telecommunications, retail, government and more – access to FICO’s market-proven, industry-leading analytic technology.

Gain fraud protection, fast

Quickly deploy the most essential FICO capabilities to address critical issues, and incrementally “bolt-on” components to tackle application fraud in other areas—such as adding analytic models across products and channels.

Reduce fraud’s financial impact

A major European bank realized savings of $3M in year one of operations, drastically reducing first-party fraud. It also achieved provisioning savings of $20M by reducing collections resources on uncollectable debt.

Extend existing investments

Extend existing fraud management investments, sharing relevant alerts, scores, strategies, decisions and case dispositions across channels, products and lines of business.

FICO® Application Fraud Manager is a highly flexible, modular and component-based system of industry-leading technology capabilities, including data acquisition, analytic models, decisioning, case management and link analysis. Watch the video now.

‌  Decision Support: Businesses can choose an in-house rules system, or the FICO® Blaze Advisor® decision rules management system. FICO® Model Builder is also available to support new model development.

‌  Link Analysis: FICO further supports identity resolution with advanced link analysis technology.

‌  Data Orchestration: FICO provides a standard, flexible data model to import and manage data that will work for many application types across industries.

‌  Case Management: FICO offers a sophisticated, highly flexible case management system, including a configurable workflow environment.

‌  Analytics: Unlike solutions that can only host models for one type of fraud—typically for third-party fraud for applications across portfolios—FICO® Application Fraud Manager can host multiple models geared to specific fraud types—first-party and third-party—and for specific portfolios.

Resources

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Real-Time Payments Modernization

This FICO-led session will discuss how to effectively leverage machine learning analytics in Retail Banking and Commercial payments. We will provide an overview of how Artificial Intelligence is used to overcome data limitations and the ra...
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Deep Learning: Autoencoder for Model Monitoring

The previous white paper in this series, Open Banking: Multi- Layered Self-Calibrating (MLSC) models, discussed the use of self-calibrating/semi-supervised machine learning (ML) models for open banking. Regardless of the ML approach, monit...
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Using Machine Learning and Artificial Intelligence to Stop Application Fraud

Beyond the hype of Machine Learning and Artificial Intelligence is the practical reality that these technologies provide the key to detecting fraudsters that are constantly evolving their strategies to breach your defenses. Whether it is i...
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Fighting Financial Crime While Improving the Customer Journey

In an always on, digital environment, those involved in preventing financial crime are sometimes seen as an impediment to providing a smooth customer journey. Security and financial crime checks are vital to protect both customers and the ...