Fighting Enterprise Fraud

Posted by Joachim Bartels | Oct 19, 2011 | Credit Scoring & Decision System, FICO (Fair Isaac), United States | 0 |

Increasingly banks are looking to leverage the full breadth of data related to customers to make better decisions, and fraud is no exception. There is a strong desire to break down silos, so fraud/risk behaviors in one area of the customer’s interaction with the bank can be utilized in other decisions impacting the customer experience. Traditional fraud detection systems are highly specialized to compute risk for a particular access method, making an enterprise view extremely challenging. What’s needed is a new approach.

Next month, FICO will be discussing the challenges of enterprise fraud management at FICO World, where FICO presents the session: Analytic Innovations in Enterprise Fraud. Source: FICO Banking Analytics Blog

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.