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17 April 2014

FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that First National Bank (FNB), one of South Africa’s “big four” banks and named 2012’s most innovative bank in the world, is the first bank in the country to use FICO® Fraud Resolution Manager to communicate with customers when a potentially fraudulent transaction takes place. Using the FICO application, FNB can automatically contact a customer through voice calls and interactive SMS when a transaction is flagged as suspicious, usually reaching the customer while they’re still at the point of sale. FNB reports that this has reduced the number of fraudulent transactions per case by 30 percent, for a total savings so far of more than R150 million (approximately USD$14.3 million).

17 Apr 2014

17 Apr 2014

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