FICO^® Identity Resolution Engine

Uncover up to 50% more fraud

With advanced proactive graph analytics technology, FICO® Identity Resolution Engine can identify suspicious individuals in application processing, as well as active fraud rings before they rupture and result in considerable damage. When used in conjunction with FICO predictive analytic solutions, Identity Resolution Engine can uncover and stop up to 50% more fraud than rules-based systems.

Increase investigator efficiency

Through Identity Resolution Engine’s visual link analytics tool, investigators can quickly discover and visualize relationships of persons of interest. For example, when a FICO client used IRE, they found 33% more claims in a fraud ring just in the first 200 claims reviewed.

Improve collection efforts

Billions of dollars of fraud perpetrated by bust-out fraud rings is mis-classified as credit losses; consequently, collectors are often chasing money they will never be able to recover. Identity Resolution Engine helps collection departments to intelligently reduce resource waste and recover legitimate debt.

At the core of IRE is a sophisticated matching and entity resolution engine capable of accessing and organizing disparate internal and external data to formulate human centric objects and relationships. On top of the resolved entity stores, IRE provides three integrated business applications.

• Investigations and Screening – Provides the means for analysts to conduct fuzzy searches into data and perform sophisticated link analysis.
• Predictive Graph Analytics – Empowers organizations to proactively identify and prioritize organized fraud and criminal activities using relationship-driven predictive analytics.
• Single View of a Customer - Accelerates operational insights by constructing complete 360 degree views of a customer, organization, location, product, and event at any volume.

‌  Federated data search: Examine multiple data sources, piecing together relevant bits into the bigger picture while complying with privacy regulations and requirements.

‌  Adaptive Data Ingestion: Patented and proven entity mapping and profiling software enable analysis on valuable data in almost any format.

‌  Superior Entity Resolution: IRE uses proprietary analytic algorithms to automatically deliver matching and relationship intelligence with a high degree of precision and throughput.

‌  User Driven Analytics: IRE provides sophisticated query tools, a full featured visual link chart, and integrated visual analytics.

‌  Cognitive Graph-based Intelligence: IRE leverages a combination of entity based, relationship based and predictive analytics to continuously adapt to the changing patterns of fraudsters.