Under the terms of the deal, FICO Falcon Fraud Manager will provide Permata Bank with fraud prevention, detection, investigation, recovery and remediation. Via Falcon Fraud Manager, Permata Bank will count debit and credit card transactions to prevent high-risk transactions when necessary.
Falcon Fraud Manager is based on neural network models that analyze transaction behavior and spending patterns to produce a fraud risk score.
FICO and its Indonesian partner Astra Graphia Information Technology (AGIT), a communication technology services provider will implement the technology to Bank Permata in 2011.
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