Applied Intelligence News: Fraud Focus

Applied Intelligence News: Fraud Focus

Welcome to FICO® Applied Intelligence News, your weekly update on innovations, ideas and success stories from the Intelligence Revolution. Here are this week’s highlights.


How to Build a Winning Enterprise Fraud Management Strategy 

In the battle against financial fraud, technology and analytics are powerful weapons - but without a cohesive strategy to guide their deployment, even the most sophisticated tools fall short. An enterprise fraud strategy serves as the blueprint that transforms disparate fraud-fighting efforts into a coordinated, effective defence system that protects both the organization and its customers, whilst satisfying myriad of different fraud and scam regulatory requirements that constantly evolve and change the ways in which we approach fraud prevention. 

An enterprise approach to fraud management makes organizations more productive and versatile in preventing and detecting fraud across multiple product lines and channels, and enhances their ability to uncover fraud and account misuse that would have otherwise been missed. 

This post from FICO’s Szymon Morytko covers multiple areas of enterprise fraud management strategy development, including the strategic framework: 

  1. Centre of Excellence 
  2. Budget and Forecasting Excellence 
  3. Program Management for Agility 
  4. Customer-Centric Strategy Design 

 Read the Blog Post

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PostFinance Strengthens Fraud Protection and Customer Communications with FICO Technology 

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PostFinance, Switzerland's leading digital bank, has expanded its partnership with leading analytics software company FICO to enhance fraud protection and customer communications. Based on years of successful collaboration, PostFinance will expand its usage of FICO® Falcon® Fraud Manager for debit card and FICO® Customer Communication Services (CCS) to instantly intervene with customers when fraud is suspected. 

"Switzerland’s citizens depend on us to maintain the highest level of fraud protection,” said Stephan Zimmermann, head of Customer Security at PostFinance. “We have built a trusted relationship with FICO over the past five years. Their leadership in fraud protection solutions enables us to give our customers seamless support around the clock." 

Read the News Release


Unveiling Innovative Solutions for Identity Verification 

Learn how Mitek is pioneering a new intelligence revolution by being one of the first providers on FICO® Marketplace. Mitek offers Digital Fraud Defender, which can be effortlessly deployed from FICO Marketplace, and is an ideal solution for FICO clients worldwide wanting to protect their customers against digital fraud types like injection attacks, template attacks and deepfake attacks.    

  • FICO Marketplace is available for Early Access to FICO Platform customers and enables companies to publish, subscribe, and integrate decision assets effortlessly.   
  • FICO and Mitek have partnered to offer best-in-class KYC and Fraud data on FICO Marketplace   
  • Mitek Digital Fraud Defender is now available and offers an end-to-end KYC platform that helps companies to quickly design, build, and deploy robust KYC journeys with little or no development resources.  


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