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Digital Identity, Security & Online Fraud

Garanti Bank upgrades fraud protection service via FICO Falcon Fraud Manager 6

Thursday 30 June 2011 | 07:03 AM CET

Turkey-based financial institution Garanti Bank is set to upgrade protection for all its cards products, consumer loans, credit card applications and current account / DDA transactions via FICO Falcon Fraud Manager 6 powered by global decision management services provider FICO.

Garanti Bank now upgrades to the latest version of FICO Falcon Fraud Manager to expand its use of FICO fraud technology across all transaction channels at the bank, including current / DDA accounts. Garanti Bank will use FICO’s fraud services to protect customers in Turkey and plans to expand protection to customers in Romania. Garanti Bank has partnered FICO 5 years ago ti implement its fraud protection services.

In 2007, Garanti Bank created the Anti-Fraud Monitoring Department uniting teams focused on credit card, merchant, internet and application fraud.

In recent news, FICO and Adeptra, a provider of credit and risk management services have teamed up to provide an integrated multi-channel fraud detection and verification service.

More: Link
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