Turkish lender Garanti Bank is to upgrade its
existing contract with data analytics and decision management
technology provider FICO to deploy the vendor’s Falcon Fraud
Manager 6 solution.

The suit of fraud management solutions covers
all cards products, consumer loans, credit card applicants and
current accounts.

Garanti has been using FICO’s Falcon Fraud Manager for the past
five years in Turkey and now plans to extent the deployment of the
solution to its network in Romania.

According to FICO’s own estimates, the Falcon Fraud Manager
solution reduces fraud losses “by up to 50%”.

FICO’s fraud protection covers 65% of credit cards