Products & Services: Falcon® ID

Falcon ID provides financial institutions, retailers, telecom providers, mortgage lenders, and other clients the power to quickly detect and efficiently resolve identity fraud attempts―during account originations.

Your weapon in the fight against identity fraud

Powered by multiple sources of identity-validating data, sophisticated data analysis and acquisition, advanced neural network modeling, and a user-friendly case management system, Fair Isaac’s Falcon ID is the weapon of choice in the fight against identity fraud.

Falcon ID enables organizations to increase profitability, minimize impact on genuine prospects and customers, reduce manual review costs and improve operational effectiveness by accurately detecting application identity fraud.

How and why it works...

Falcon ID is a thorough approach for detecting and preventing ID fraud. Using a wide variety of data sources, as well as a collection of neural network models and analyzing activity, Falcon ID provides scores indicating the likelihood of identity fraud. Falcon ID clients can use the case management system to further investigate identities that they suspect have been compromised or incorporate the identity fraud scores into their originations system decisioning and workflow.

Falcon ID's main components include:

ID Clearinghouse

  • Third party data access
  • Wide variety of data sources―including public records allowing most applicants with “thin credit files” to receive application identity fraud scores
  • Integration of external and internal data

Activity monitors

  • Advanced, industry leading, neural network modeling and analysis
  • Integrate with client systems

Case Management

  • Identity Workstation allows for effective case handling and disposition
  • Investigation, tracking, disposition and reporting of risky applications or accounts
  • Improved analyst productivity/operational efficiency

Authentication Interviews

  • Random question selection
  • Keep track of answers
  • Analysts don’t see correct answers―increased security
  • Integrate directly with web-applications―eliminating human intervention
  • Authentication interview score―easily integrated into origination decisioning

Falcon ID can be deployed in either a hosted or direct installation configuration. Most US-based clients select Fair Isaac’s hosted solution to reduce implementation time and effort, eliminate maintenance and hardware costs, and simplify implementation.

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