-- Largest Indian bank to use FICO's industry-leading fraud solution, FICO Falcon Fraud Manager
Axis is the largest Indian national bank to adopt the FICO solution, and will be using the latest version, FICO Falcon 6, to protect its credit and debit card accounts. The solution enables the bank to detect potential fraud at the transaction level in real time and take appropriate action to prevent it.
FICO(R) Falcon(R) Fraud Manager is regarded as the most accurate and comprehensive solution for detecting payment card fraud. Used by more than 9,000 financial services organizations worldwide, FICO Falcon Fraud Manager protects more than 2.5 billion card accounts, including more than 50 million in the
"We have proactively opted for FICO Falcon Fraud Manager to further secure our customer's transactions, unimpeded by any online threats," said
More information on FICO's enterprise fraud approach is at www.fico.com/enterprisefraud.
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About Axis Bank
Axis Bank is the third largest private sector bank in
With its 2,021 domestic branches (including extension counters) and 11,488 ATMs across the country, as on
The bank's website http://www.axisbank.com offers comprehensive details about its products and services.
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 80+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption — such as the FICO(R) Score, the standard measure of consumer credit risk in
FICO: Make every decision count(TM).
For FICO news and media resources, visit www.fico.com/news.
FICO, Falcon and "Make every decision count" are trademarks or registered trademarks of
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