FICO, Network International Offer Enhanced Fraud Protection Solutions for Lenders19. July 2022
Global analytics software provider FICO and Network International, a provider of payments solutions to merchants and financial institutions across the Middle East and Africa (MEA), announced that they have expanded their partnership to bring lenders enhanced fraud protection and credit management solutions.
Network International is also installing FICO® Blaze Advisor® Decision Management System in its data centers, so that it can offer hosted credit management services to lenders.
Banks and other credit providers can use these services to make real-time approvals on credit applications while controlling risk, and to manage their portfolio of accounts with highly targeted, risk-aware offers and decisions.
The two companies have been working together since 2017, when Network International began offering its customers FICO® Falcon® Fraud Manager, a credit fraud solution, which is said to protect more than 2.6 billion payment cards worldwide.
Now lenders can use Falcon at Network International to protect all retail banking accounts.
Hany Fekry, Group Managing Director, Processing at Network International said,
“We are delighted to expand upon our partnership with FICO to further strengthen our credit management value proposition to our MEA clients. Over the last few years, we have witnessed the accelerated transition to digital payments in the region, making credit controls for real-time decisions more crucial than ever.
As a leading enabler of digital commerce, we continue to anticipate, adapt, and advance upon evolving trends with the global gold standard for fraud decisioning and prevention.”
Mark Farmer, who manages partner relationships for FICO in EMEA said,
“The low entry cost for our decision management services means lenders of all sizes have access to our world-leading solutions. Our solutions will be a great boon to not only the region’s lenders but their customers as well.
We expect our expanded partnership with Network International to result in lower fraud losses, better protection for consumers and ultimately better credit offers.”