Fair Isaac Corporation, the provider of analytics and decision management technology, says that Akbank, Turkey’s largest privately owned bank, has completed implementation of Fair Isaac’s Falcon ID application to provide its customers with effective protection against identity fraud.
Under terms of the agreement, Akbank will become the first European lender to deploy Falcon ID, initially using the application to protect its credit card portfolios.
“We welcome the opportunity to build on our successful relationship with Fair Isaac by integrating Falcon ID into our enterprise-wide decision management processes,” says Yesim Harbath, the Senior Vice President of Card Operations at Akbank. “Fair Isaac’s fraud and identity theft detection solutions are proven among financial services leaders, and Falcon ID easily integrates with our existing technology investments. The solution will help us improve operational efficiency in credit account originations and increase acceptance rates, while effectively managing risk.”
“Credit grantors in Turkey and throughout Europe who are seeking to expand their consumer lending business require advanced systems that enable them to safely and efficiently underwrite new accounts and optimise their customer decisions,” adds Robert Duque-Ribeiro, the Managing Director for Europe, Middle East and Africa markets at Fair Isaac. “Falcon ID provides Akbank with a comprehensive approach to preventing identity fraud, reducing losses and protecting its credit card holders. We look forward to helping Akbank and other leading financial institutions throughout Europe take control of complex decision processes across their portfolios and leverage them for a competitive advantage.”