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Global analytics software provider Fico and leading digital commerce enabler Network International have expanded their partnership to provide lenders with the most robust fraud protection and credit management solutions.
These solutions, delivered by Network International in a hosted model, will help financial service providers expand the digital economy across the region.
The two companies have been working together since 2017, when Network International began offering its customers Fico Falcon Fraud Manager, the world’s leading credit fraud solution that protects more than 2.6 billion payment cards worldwide. Lenders can now use Network International’s Falcon to protect all retail bank accounts.
Fico Blaze Consultant
Network International also installed the Fico Blaze Advisor decision management system in its data centers to provide managed credit management services to lenders. Banks and other credit providers can use these services to conduct real-time approval of credit applications while controlling risk and manage their account portfolios through highly targeted and risk-aware offers and decisions.
Hany Fekry, Group Managing Director, Network International Processing, commented: “We are further strengthening our credit management value proposition for our MEA clients. Over the past few years, we have witnessed an accelerated transition to digital payments in the region, enabling real-time decision-making for credit Control is more important than ever. As a leading enabler of digital commerce, we will continue to anticipate, adjust and advance changing trends, setting the global gold standard for fraud decision-making and prevention.
“We believe that Fico’s innovative technology-led solutions combined with our local expertise will enhance our solutions portfolio and help strengthen our market leadership.”
Low entry cost
“The low cost of entry for our decision management services means lenders of all sizes have access to our world-leading solutions,” said Mark Farmer, who manages Fico partnerships in EMEA. “Our solution has been a huge boon not only to lenders in the region, but their customers as well. We hope to expand our partnership with Network International to reduce fraud losses, better protect consumers and ultimately provide Better credit services.”- arab trade news agency
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