With over 120 patents, the FICO® Falcon® Platform helps financial institutions detect and prevent fraud for more than 2.6 billion payment accounts worldwide

With FICO® Falcon®, Conductor's clients reduce initial investment and identify a 25% drop in the financial volume of approved transactions and later identified as fraudulent

The survey was conducted in 172 banks in 8 countries, Colombia, Mexico, Germany, the United Kingdom, Canada, the United States, Malaysia and the Philippines, by the independent research company Omdia

By Fabricio Ikeda, Director of Fraud Prevention at FICO Latin America

Survey also found millions believe their identity has been used by fraudsters to open an account, North Americans are now embracing biometrics to protect their information

January 2021 data on Identity Proofing in SA reveals that 80+ percent of adult South Africans recognise that identity proofing is for their protection, while 8 percent say their identity has definitely or is likely to have been used by a fraudster to open

FICO survey shows a growing acceptance of security measures as online account opening surges

Explore which steps need to be in place in order manage identity using biometrics