Banking Transformation Digital transformation

FICO and Network International to Protect MEA Lenders from Fraud

FICO

Network International now offers lenders advanced fraud protection across retail banking products backed by FICO credit decision systems

Global analytics software provider FICO and Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), have expanded their partnership to bring lenders the most powerful fraud protection and credit management solutions. These solutions, available in hosted mode from Network International, will help financial services providers expand the digital economy across the region.

The two companies have been working together since 2017, when Network International began offering its customers FICO Falcon Fraud Manager, the world’s leading credit fraud solution, which protects more than 2.6 billion payment cards worldwide. Now lenders can use Falcon at Network International to protect all retail banking accounts.

More information: https://www.fico.com/en/products/fico-falcon-fraud-manager

Network International is also installing FICO® Blaze Advisor® Decision Management System in its data centres, 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.

Hany Fekry, Group Managing Director, Processing at Network International, commented, “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. We are confident that FICO’s innovative technology-led solutions combined with our local expertise will enhance our solutions portfolio and help cement our leadership position in the market.”

“The low entry cost for our decision management services means lenders of all sizes have access to our world-leading solutions,” said Mark Farmer, who manages partner relationships for FICO in EMEA. “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.”

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