Indonesian bank Permanta deploys FICO’s fraud manager

Indonesia-based Permata Bank is to deploy Falcon Fraud Manager, by global analytics and decision management technology vendor FICO According to FICO, Permata Bank is the first in Indonesia to deploy the Falcon Fraud Manager to prevent, detect and investigate fraud in debit and credit card transactions.

By Duygu Tavan

Indonesia-based Permata Bank is to deploy Falcon Fraud Manager, by global analytics and decision management technology vendor FICO.

According to FICO, Permata Bank is the first in Indonesia to deploy the Falcon Fraud Manager to prevent, detect and investigate fraud in debit and credit card transactions.

Falcon Fraud Manager tracks debit and credit card transactionsin real time, enabling the bank to end high-risk transaction, FICO said.

The vendor is working with Indonesian company Astra Graphia Information Technology, to implement the FICO technology this year.

“With almost 50 million credit and debit cards in Indonesia, it is now more important than ever for effective fraud management to protect card issuers and consumers,” said Dattu Kompella, managing director and head of FICO for Australia, ASEAN and India.

Permata Bank is headquartered in Indonesia and has 1.9m retail banking clients, 275 branches and 610 ATMs across 55 cities.

It was established in 2002 when five banks – PT Bank Bali, PT. Bank Universal, PT Bank Prima Express, PT Bank Artamedia and PT Bank Patriot – merged.