Fraud is a threat - and it's on the increase
Banks with retail and card operations are doing business in environments of pervasive unremitting change. Some of these changes are coming from the banks themselves, as they adjust policies to deal with a succession of concerns - delinquencies, liquidity, regulatory impacts on profit, interest rate resiliency - and innovate multichannel services to attract and retain valuable customers. Consumer behavior is changing in response not only to economic stress, but also to these bank actions. Fraud is changing too, as perpetrators exploit vulnerabilities arising from changing policies and behaviours. FICO estimates that total losses in Asia Pacific, excluding Japan are near USD360 million a year, and rising. Fraudsters will take advantage of a stressed economic environment like the US, but they will also use the more open credit-granting environment in areas like Asia to perpetrate financial crime. Fraudsters are opportunistic. They move to where there are new products or channels, and they move from country to country where there are not yet strict protective measures in place.

Reduce Losses by up to 50%
To stop fraud effectively in real-time, financial institutions worldwide trust the scientifically based predictive analytics of FICO™ Falcon® Fraud Manager. Falcon Fraud Manager is the most accurate and comprehensive solution for detecting payment card fraud, reducing losses by up to 50%.

The reliable, responsive fraud detection system
With Falcon Fraud Manager 6, you can:

Falcon Fraud Manager monitors transactions for more than 1.8 billion active accounts across six continents. First introduced in 1992, it now saves leading card issuers millions of dollars every day.

Learn more about how you can detect payment card fraud and reduce losses with little impact on customers and low operational costs.

Get insights from Paul Eagles, who was previously Head of Product Risk and Fraud Services for Visa Europe, on how institutions can protect themselves from fraud attacks. Paul is now the Principal Fraud Consultant at FICO and has specific knowledge of all fraud types that occur with respect to bank cards and other financial products, and especially their management in real time environments.

Registration is FREE and seats are based on a first-come-first served basis.

Jakarta, Indonesia
Tuesday, 22 February 2011
10am - 1pm
Shangri-la hotel
Sumatra Room
Jln. Jend. Sudirman Kav.1,
BNI city complex
Jakarta 10220, Indonesia

Register Now!
For more information call +62 21 95802801 / +62 21 54357087

About FICO

FICO is the leader in Decision Management, transforming business by making every decision count. We use predictive analytics to help businesses automate, improve and connect decisions across organizational silos and customer lifecycles. Clients in 80 countries work with FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share.