Predictive analytics company FICO has extended its Falcon platform for fraud detection to encompass enterprise fraud management.

The extended platform provides a modular service for real-time fraud protection across multiple payment channels, products and services, more suited to smaller businesses.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

FICO said Falcon Fraud Manager 6 enables businesses of any size to save up to 75% on fraud protection due to being able to build a bespoke service without paying for a multi-channel service they will not make full use of.

The platform uses FICO’s decision management architecture to track the customer’s decisions and behaviour, identifying suspicious patterns and generating a score representing the likelihood of fraud. This system is set up to stop the first fraudulent transaction in real time and thus prevent further fraudulent activity.

Credit grantors and Falcon Fraud manager clients can tailor their fraud protection by adding levels of protection in so-called modules for different channels including checking and current accounts, e-payments, mobile payments and payment cards.

Falcon Fraud Manager 6 operates with lower memory requirements and offers open source options such as Linux.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

TJ Horan, vice president of fraud solutions for FICO, said: "With the Falcon Platform, we believe we are offering businesses the most powerful rules-based solution for fraud detection, as well as the easiest way to move to full analytic protection across multiple transactional channels."

"The flexible approach makes the platform more affordable for smaller credit grantors, but it gives our customers an easy way to expand protection as their needs evolve," he added.