TSYS clients will be getting a strong boost in account management capabilities with the introduction of Fair Isaac’s TRIAD® adaptive control system version 8. The latest version of the TRIAD system features new technology advances for improving portfolio management and increasing profit margins, including functionality only available through TSYS.

The new version of the world’s leading card management system will provide issuers with increased control of customer exposure and the ability to react more quickly to customer changes. TRIAD 8 upgrades provide the ability to:

• Create more targeted challenger strategies and expand champion/challenger testing capabilities
  
• Leverage the Fair Isaac Blaze Advisor® business rules management system to refine and enhance decision power, by generating custom decision keys, scoring characteristics and decision augmentation
  
• Calculate up to 20 scores concurrently, supported by scorecard performance reporting
  
• Flexibly define decision points to meet changing business needs
  
• Link strategies for more refined decision making

TRIAD 8 at TSYS includes the exclusive Payment Protector decision area, enabling users to effectively manage exposure on accounts with “at risk” payments.  Additionally, the Configurable Decision Area enables users to automate decisions for their unique business needs.

Fair Isaac and Memento, Inc., a leader in fraud and compliance solutions for banks and credit unions, have announced a strategic partnership to help financial institutions fight internal fraud. Under the agreement, Fair Isaac will offer Memento Security, Memento’s award-winning fraud management platform, to financial services companies worldwide.

Bringing Memento Security into Fair Isaac’s fraud portfolio, which includes protection for more than 1.5 billion payment cards worldwide, provides Fair Isaac’s clients a new breadth and scope of protection against the escalating problem of internal fraud. 

“Increasingly, fraudulent activity is being found to originate inside the company, posing a dual threat to a financial services firm’s balance sheet and its reputation,” said Doug Clare, vice president, Fraud Product Management at Fair Isaac. “By joining forces with Memento, we’re now able to offer an unparalleled protection against this insidious problem.”

Fair Isaac has announced the availability of a new, tailored anti-fraud solution for the UK Faster Payments initiative.

Falcon® Transfer, whose patented profiling technology employs the same mathematical techniques used in missile interception to identify fraudulent activity, can react according to user-defined business rules. This solution allows financial institutions to roll out Faster Payments services in real time, without increased risk of being successfully targeted by criminals.

Robert Duque-Ribeiro, vice president and managing director, EMEA at Fair Isaac explains, “Fair Isaac has developed a fraud solution to prevent criminals who may try to exploit the real-time speed of Faster Payments for their own profit. Fair Isaac has a 50-year track record of success in helping banks to identify and prevent a dizzying array of fraud, so we are ideally positioned to help our customers minimize the risks and maximize the opportunities associated with Faster Payments.”

Fair Isaac and the National Bureau of Credit Histories (NBKI), the premier credit bureau in Russia, have announced a groundbreaking, multiyear alliance to introduce Fair Isaac’s global-standard FICO® credit risk scoring technology to Russian lenders by this fall.

The flexible design of the FICO® score will enable lenders across Russia to assess consumer credit risk with a significantly greater degree of precision. This precision will enable lenders to more confidently tailor their credit product offerings to the risk profile of individual consumers. In this way, lenders can safely increase their penetration of the market, reduce their risk exposure, and improve their profits in a controlled and customizable manner. Consumers also stand to benefit over time from improved access to credit products at more competitive rates.

“Lenders in Russia need state-of-the-art bureau scores to better assess consumer credit risk against a background of continuing rapid growth in consumer lending,” says Lisa Nelson, vice president of Global Scoring for Fair Isaac. “By applying Fair Isaac’s unparalleled analytics experience to the comprehensive consumer database of NBKI, we expect to set the standard for credit risk assessment in Russia for many years to come.”