Fraud & Identity Fraud & Identity

Fraud & Identity Industry News

TMCNet:  Chartis Names FICO a Category Leader in Enterprise Fraud and AML Solutions

[September 11, 2017]

Chartis Names FICO a Category Leader in Enterprise Fraud and AML Solutions

LONDON, Sept. 11, 2017 /PRNewswire/ --

FICO Corporate logo. (PRNewsFoto/FICO)


  • FICO was named a Category Leader in enterprise fraud solutions and anti-money laundering (AML) solutions by research firm Chartis Research.
  • Category Leaders are defined by Chartis as having high market potential and completeness of offering.
  • FICO offers enterprise fraud management solutions, financial crime management solutions and cybersecurity solutions.

Silicon Valley analytic software firm FICO today announced that it has been named a Category Leader in financial crime risk management solutions by research firm Chartis Research. Their report Financial Crime Risk Management Solutions: Market Update 2017 discusses the increased reporting requirements for financial institutions and the need to use analytics to map out increasingly complex relationships.

"For FIs, managing these efficiently and effectively can be costly and complex," the report states. "Alongside pressure from regulators – and financial crime itself – processing the increasing volume, variety and velocity of the data FIs now need requires customized, cutting-edge technology."

More information:

"The Chartis report calls out the priority for using advanced analytics and artificial intelligence to map out relationships between etities and to perform transaction-level analysis," said Bob Shiflet, vice president for fraud and financial crime solutions at FICO. "We have been pioneering the use of AI in fraud detection for 25 years, and have recently applied it to entity resolution, AML and cybersecurity. Nobody in the market knows better how to apply AI and machine learning to get results in financial crime risk management."

FICO's portfolio of enterprise fraud solutions includes the FICO® Falcon® Platform, which protects 2.6 billion payment cards worldwide, and the FICO® TONBELLER® Siron® Anti-Financial Crime Suite. FICO has introduced AI models for AML and KYC to better detect money laundering and more efficiently operationalize teams to stop this activity. FICO experts blog about enterprise fraud, financial crime and other regulations affecting financial institutions at

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 175 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at

About Chartis Research
Chartis is the leading provider of research and analysis on the global market for risk technology and is part of the Insight division of InfoPro Digital, which includes market leading brands such as Risk and Waters Technology. Chartis' goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

RiskTech Quadrant®, RiskTech100® and Fintech QuadrantTM are registered trademarks of Chartis Research (

Join the conversation at &

FICO, Falcon, TONBELLER and Siron are registered trademarks of Fair Isaac Corporation in the US and other countries.


View original content with multimedia:


[ Back To Fraud & Identity's Homepage ]

Industry Insights

(MobileID) Proactive Fraud Prevention

Interconnect-related fraud such as International Revenue Share Fraud (IRSF) and PBX hacking fraud continue to be a billion dollar problem to the telecom industry.

(Defender Shield) Defense solutions for the modern SMS ecosystem

SMS is a ubiquitous communication method for person-to-person (P2P) text messaging, which has been in use globally for nearly 20 years.

(Defender Shield) Preventing Grey Routes and the Multi-billion dollar Threat

The convenience of mobile messaging has brought communication efficiency to billions of consumers worldwide. As is often the case with widely accepted technologies; however, convenience can provide a vulnerable gateway to fraudulent activity.

Product Documents

Asset Protect

While unlimited or high-volume voice and SMS plans offer great value to subscribers, sometimes fraudsters exploit these plans to avoid paying termination and interconnect fees.

Defender Shield

In a world with ever-increasing Application-to-Person (A2P) messaging needs and competition, improving customer satisfaction and eliminating revenue leakage is key for protecting SMS profits.


Accurate and cost-efficient routing of voice calls and SMS is critical. Unfortunately, gathering reliable routing data on ported numbers and keeping up with constant changes in number plans is expensive and time-consuming.

Fraud Solutions

Communications fraud is a $20B annual global problem and growing. Companies are looking for peace of mind so that their business and their customers are protected from the onslaught of technology crime that is damaging their reputations and their balance sheets.