Fair Isaac, a provider of analytics and decision management technology, has announced the availability in April 2009 of Falcon Fraud Manager 6.0.
According to the company, this new version of the solution for detecting payment card fraud introduces adaptive analytics to help financial institutions spot and prevent new fraud patterns in real-time.
The company said that Falcon 6.0 is the fraud management solution to offer adaptive analytics, which provide dynamic, real-time self-calibration of fraud detection models, enabling institutions to identify and respond to new threats with unprecedented speed.
The company also said that the new version also expands Fair Isaac’s patented fraud detection and profiling techniques by introducing global intelligent profiles targeting high-risk ATMs, merchants, risky geographic regions and other criteria. Falcon will include detection and case management capabilities relevant to retail banking lines of business such as demand deposit/current accounts.
Doug Clare, vice president for product management at Fair Isaac, said: We’ve invested heavily in Falcon 6 to keep it a step ahead of the criminals behind such incidents. The newest version reinforces Falcon’s standing as the best fraud detection and prevention solution available.
Falcon Fraud Manager 6.0 was introduced with limited availability in December 2008 with the release of the scoring server model.