FICO said the Turkish bank has been using its solutions that analyze card transactions, credit applications, merchant profiles and Internet banking transactions for the five years.
Now Garanti is upgrading to the latest version of FICO Falcon Fraud Manager in order to expand its use of FICO fraud technology across all transaction channels at the bank, including current / DDA accounts.
Garanti will use FICO’s fraud solutions to protect customers in Turkey, and plans to expand protection to customers in Romania.
Garanti Bank Anti-Fraud Monitoring Department senior vice president Beyhan Kolay said looking ahead, the bank will be expanding the use of FICO fraud management solutions, taking advantage of the new analytic capabilities in FICO Falcon Fraud Manager 6 to detect more fraud attempts while expanding protection to our customers’ current accounts.
