What Banks Are Saying Now About Enterprise Fraud

Posted by Joachim Bartels | Jul 13, 2012 | Credit Scoring & Decision System, FICO (Fair Isaac), Fraud Solutions, United States | 0 |

FICO’s Enterprise Fraud Group has been seeking informed counsel from individuals across the financial services spectrum, looking to understand how enterprise fraud management is evolving in different organizations and in different parts of the world. What FICO found represents a real change in the concept of enterprise fraud management and how it will be achieved.

One monolithic system that does everything in a fraud management context across all products and channels – is yesterday’s vision
There is a very strong common thread: the need for a more informed and insightful approach through the determination, capture, interpretation and application of data across a customer relationship. It’s not enough to have more information about a customer — the information needs to be analysed and applied intelligently and appropriately to improve fraud protection and thus customer satisfaction.

To read the entire FICO Banking Analytics Blog click on the link

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.