FICO^® Falcon^® Platform

All Channels. One intelligent fraud solution.

Product Details

Consumer banking preferences are changing – fast. Customers want to transact how and when they choose, without latency. They want a banking relationship that’s 100% convenient and 100% secure. The FICO^® Falcon^® Platform, the world’s most intelligent fraud platform, advances the consumer experience by extracting frauds from real time payment streams while remaining invisible during legitimate transactions.

With over 70 patents in fraud-specific machine learning and AI, the FICO^® Falcon^® Platform helps financial institutions detect and prevent fraud seamlessly, in real time, all while improving the bottom line and advancing the consumer experience.

The FICO^® Falcon^® Platform allows you to score transactions, across a rapidly expanding array of payment options, and understand customer behavior patterns so you can intelligently prevent and monitor suspicious and fraudulent behavior.

FICO^® Falcon^® Platform provides fraud management solutions powered by a broad portfolio of fraud-specific machine learning techniques, each optimized for specific types of financial transactions. It offers an end-to-end, holistic approach so your organization can make faster, smarter decisions across all channels and payment options.

Understand Customer Behaviors

Identify meaningful and unique insights about customer behavior patterns, making it easier to identify suspicious transactions and seamlessly prevent fraud.

Adapt to New Behavior Faster

Use machine learning to breakdown transactions in order to interpret and anticipate behaviors over time. Reduce false positives with machine learning profiles that adapt with each transaction and identify legitimate behavior changes faster.

Promote New Experiences

Protect your institution from financial harm while confidently supporting frictionless payments, across all channels, that are essentially convenient and secure.

‌ Omnipresent Coverage: Cover all interactions including applications, card transactions, P2P payments, retail banking, and non-monetary transactions.

‌ Cognitive Fraud Analytics: Employ ubiquitous fraud detection with self-learning AI and real-time behavioral profiling.

‌ Falcon Intelligence Network: Join thousands of global banks driving fraud-specific machine learning innovation.

‌ Remarkable Interactions: Deliver a seamless experience with personalized fraud controls and 2-way virtual agent interactions.

‌ Benchmarking & Intelligence: Achieve a unique view of fraud performance & trends with empirical industry benchmarks.

‌ Any data, any channel: Strengthen your fraud detection strategies by ingesting and analyzing granular-level behavioral details across each merchant, device, account, and consumer.

Channels

Real-Time Payments – Wire

New banking interactions offer unprecedented data granularity. Deliver stronger fraud defenses, and more remarkable experiences, with self-learning AI that leverages all available data for faster payments, wire and ACH transactions.

Person-to-Person Transfers

Apply unsupervised anomaly detection models that interpret cross-channel behaviors spanning payments, authentication services, payee relationships, contextual device data and non-monetary transactions.

Mobile Wallets

Harness a wealth of contextual device data and use it to enrich fraud decisions for mobile payments. Avoid false positives that negatively affect consumers’ perception of new banking interactions.

Payment Cards

More than 9,000 global banks benefit from FICO’s fraud-specific machine learning. The FICO® Falcon® Platform protects 2.6 billion global cards and saves billions of dollars in fraud losses each year.

Card Not Present

Reduce CNP losses by 30% with machine learning that intelligently interprets the behaviors of each transaction element, both individually and in aggregate, to identify CNP fraud faster.

Account Takeover

Data breaches and sophisticated social engineering are driving increases in Account Takeover (ATO) fraud. Apply self-learning AI to pinpoint indications of cross-channel risk, before funds are transferred.

Application Fraud

Detect synthetic identities as well as first and third-party fraud, at scale, with machine learning that protects against early-life fraud and enables faster approval of legitimate customers.

Merchant Acquiring

Leverage patented profiling technology to combat merchant acquiring fraud with alerts to high-risk merchants and MCCs. Monitor settlements and chargebacks.

Case study

Multinational Bank

A large, multinational bank prevents application fraud using a real-time, enterprise fraud approach.