ITALY Decrease in Fraud YoY
A Strong Emerging Story Of Improved Performance
Outside of the UK, Italy has the largest network of FICO Falcon Platform users in Europe and since the past report we have seen an increasing adoption of consortium-based analytics. This has provided an immediate impact in slowing the increasing fraud rates and pushing Italy back down to tenth in the European basis points reported in this study. A continued adoption of consortium-based analytics within the network will continue to slow the threat and ultimately push Italian fraud rates back into a decline in all areas.
Card Present threats will slowly re-emerge post pandemic and the fraud threat along with it, so it is essential that the Italian market continues to take a hostile approach to improve performance and protecting their customers.