FICO Analytics Boosts Fraud Detection in Brazil

Conductor Increases Fraud Detection by 25 Percent for its Customers Using FICO Analytics

Leading payments & banking-as-a-service platform in Latin America wins FICO® Decisions Awards for Fraud & Security using FICO® Falcon® Platform

Highlights:

Conductor increases fraud detection by 25 percent using FICO® Falcon® Platform
With FICO, Conductor makes fraud prevention accessible to any company
Conductor won a 2021 FICO® Decisions Award for fraud & security

Conductor, the leading payments and banking-as-a-service platform in Latin America, has developed a fraud prevention strategy in partnership with FICO that has increased fraud detection by 25 percent and reduced overall payments fraud by 18 percent. This is a significant reduction for the company which currently powers 90 million accounts and over USD 25 billion in payment volumes. Conductor has also achieved a 95 percent reduction in fraud analysis time using the FICO® Falcon® Platform, compared to its previous solution.

More information: https://www.fico.com/en/solutions/payments-fraud

Previously, Conductor used its own solution. However, the implementation of FICO technology represented a major evolution in Conductor’s strategy to prevent fraud with cards and bank transactions, especially in a pandemic scenario, when an increase in electronic transactions and the performance of fraudsters was identified. The solution enabled agile and efficient responses, contributing to the reduction of losses and to provide an even better experience for the final consumer.

Conductor looked for an artificial intelligence solution that would help companies with predictive analysis that was both accurate and self-learning. The company selected FICO to monitor transactions across credit, debit and prepaid cards and digital accounts. They offered their clients a pay-as-you-go model that only charges clients for transactions analyzed for fraud.