Network International and ADCB Egypt, part of the Abu Dhabi Commercial Bank Group, have launched FICO Falcon Fraud Manager in Egypt.
The system uses AI and machine learning (ML) to detect and prevent fraudulent transactions in real time.
The solution creates a behavioural profile for each customer and analyses millions of transactions, enabling the identification of potentially fraudulent activity and protecting accounts across digital channels.
Dr Reda Helal, Group Managing Director – Processing, Africa at Network International, said:
“The go-live of the FICO fraud solution underscores ADCB Egypt’s impact on the market by providing best-in-class digital customer experiences enhanced by operational efficiency. This partnership demonstrates Network’s commitment to delivering innovative, secure, and scalable payment solutions across the region.”
Alexandre Graff, Vice President of Global Partners & Alliances at FICO, added:
“Fighting fraud is a critical priority in Egypt. FICO Falcon Fraud Manager is the leading AI-powered solution in this space, protecting 4 billion payment accounts worldwide.”
Network and FICO have collaborated since 2017, combining FICO’s technology-driven solutions with Network’s digital payments expertise to strengthen fraud detection and prevention in the region.
Featured image credit: Edited by Fintech News Middle East, based on image by mangpor2004 via Freepik
