Network International Now Offers Lenders Advanced Fraud Protection Across Retail Banking Products Backed by FICO’s Credit Decision Systems
Global provider of FICO analytics software and Network International, the pioneering digital commerce enabler in the Middle East and Africa (MEA), today announced that they have expanded their partnership to offer lenders the most powerful solutions in fraud protection and credit management. These solutions, available in hosted mode from Network International, will help financial service providers develop the digital economy in the region.
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The two companies have worked together since 2017, when Network International began providing customers with the pioneering global credit fraud protection solution, FICO® Falcon® Fraud Manager, which protects more than 2.6 billion payment cards worldwide. the world. Now, lenders will be able to use Falcon at Network International to protect all retail bank accounts.
For more information, please visit the following link: https://www.fico.com/en/products/fico-falcon-fraud-manager.
Network International is also installing the FICO® Blaze Advisor® decision management system in its data centers, so it can offer hosted credit management services to lenders. Banks and other credit providers can use these services to approve credit applications in real time while controlling risk, and to manage their portfolio of accounts with highly targeted, risk-aware offers and decisions.
Hany Fekry, Managing Director of the Processing Division at Network International, commented “We are excited to expand our partnership with FICO to further strengthen our credit management value proposition to our customers in MEA. Over the past few years, we have seen an accelerated transition to digital payments in the region, which has made credit checks for real-time decisions more important than ever.As the leading enabler of digital commerce, we continue to anticipate, adapt and advance on evolving trends with the global benchmark in decision-making and fraud prevention. We are confident that FICO’s innovative technology solutions, combined with our local expertise, will enhance our solution portfolio and help solidify our market-leading position.”
“The low cost of entry of our decision management services means that lenders of all sizes will have access to our industry-leading solutions,” said Mark Farmer, who manages partner relationships for FICO in the EMEA region. “Our solutions will be of great benefit not only to lenders in the region, but also to their customers. We expect our expanded partnership with Network International to result in reduced fraud losses, better protection of consumers and, ultimately, better credit offers”.
About FICO
FICO (NYSE: FICO) drives decisions that help people and businesses around the world thrive. Founded in 1956, the company pioneers the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 U.S. and foreign patents relating to technologies that increase profitability, customer satisfaction, and business growth in financial services, telecommunications, healthcare, retail, and more. other sectors. With FICO solutions, businesses in more than 120 countries can do everything from protecting 2.6 billion payment cards from fraud, to helping individuals obtain credit, to millions of planes and rental cars are in the right place at the right time.
For more information, visit https://www.fico.com.
About Network International
Network International comprises a group of companies and is the leading enabler of digital commerce in the Middle East and Africa (MEA) region, providing a full suite of technology payment solutions to merchants and financial institutions of all types and of all sizes, including acquiring and processing services and a full range of ever-expanding value-added services.
Network International Holdings Plc (LSE: NETW) is the holding company of Network International and group companies, including the DPO group.
FICO, Falcon and Blaze Advisor are registered trademarks of Fair Isaac Corporation in the United States and other countries.
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