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FICO Application Fraud Manager Pricing, Features, Reviews and Alternatives
FICO Application Fraud Manager FAQs
FICO Application Fraud Manager product overview
What is FICO Application Fraud Manager?
FICO Falcon Fraud Manager, part of the FICO Falcon platform, is a financial fraud detection tool that uses real-time self-calibration and adaptive analytics to predict likely fraud patterns and detect potentially fraudulent transactions. The system can be used to detect fraudulent debit and credit card transactions, eCommerce fraud, check fraud, retail card fraud, identity fraud, and merchant fraud.
Key benefits of using FICO Application Fraud Manager
Global intelligent profiles identify the riskiest regions, merchants, and ATMs, so extra scrutiny can be employed in the areas of greatest risk.
Behaviour sorted lists build a more complete picture of a consumer’s likely behaviour, designed to improve the identification of suspicious transactions.
The system self-calibrates in real time in response to shifts in transaction trends, and adaptive analytics enable the adjustment of models as fraud patterns change.
Fraud predictor updates models each week with merchant statistics, to assist with recognition of likely fraud.
Typical customers
Platforms supported
Support options
Not sure about FICO Application Fraud Manager? Compare it with a popular alternative
FICO Application Fraud Manager
Starting from
No pricing info
Starting from
1500
Other
FICO Application Fraud Manager features
Functionality
4.0
/5
2
Total features
12
2 categories
Most valued features by users
Functionality contenders
FICO Application Fraud Manager users reviews
Overall Rating
4.5
/5
2
Positive reviews
100
%
- Value for money
- Ease of use
- Features
- Customer support
- Likelihood to recommend8.5/10
1
1
0
0
0
Overall rating contenders
Kadir Y.
Banking, 10,001+ employees
Used weekly for 6-12 months
Review source
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I used the tool for some time during a fraud detection project and I was satisfied about the capabilities and performance of it. The machine learning models developed within the tool can easily be tracked through the other Fico decisioning platforms. The models are strong in terms of predictive power and helped to catch a high portion of the frauds. The visualisation of the tool also helped to better picture the results which are easily presentable to other parties.
- Machine learning techniques that help to detect application fraud while minimising false positive rates - Expert based fraud strategies used to add additional value on top of the machine learning models - Shorter time to value with the easy implementation of the new fraud rules - User friendly product features
- Lack of some artificial intelligence algorithms which are already embedded in other competitor fraud prevention tools - Still high number of false positive fraud cases although the number is below the competitor products
Kimberly C.
Construction, 1-10 employees
Used weekly for less than 6 months
Review source
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Helps with the business and doesn’t cost a fortune. I would recommend with the ease of use and usefulness. Credit is used for everything so knowing what’s going on is in your best interest.
I like that you get notifications for everything to do with your credit being used or checked. You also can see what credit report was checked out of the 3 main reports. You can project future scores and know if your info is being used by anyone.
Does not let you dispute anything on your record within application. You will be lead to phone numbers and mailing addresses but the option to mot have to go outside the application would help. If that was fixed I would give a full 10.
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