In This Article:
Nordic finance leader will use multiple capabilities of FICO® Platform to prevent fraudulent applications
STOCKHOLM, May 13, 2025--(BUSINESS WIRE)--FICO (NYSE: FICO):
Highlights:
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Entercard will use AI-powered technology from FICO to better identify fraudulent account openings
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Entercard will use FICO® Platform’s capabilities for model development, identity resolution, streaming data, customer profiling and service orchestration
As part of its enterprise fraud programme, Entercard will use AI-powered technology from global analytics software leader FICO to better identify fraudulent account openings. FICO® Platform’s capabilities for model development, identity resolution, streaming data and service orchestration will help Entercard, one of the leading Nordic finance companies, build and deploy powerful fraud scorecards, confirm applicants’ true identities through advanced network link analysis and detect fraudulent applications.
More information: https://www.fico.com/en/fico-platform
Using FICO’s powerful tools, Entercard can enhance their ability to target a variety of criminal activity such as:
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Synthetic identity fraud – e.g., fake profiles built over time.
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First-party fraud – intentional misrepresentation by genuine applicants.
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Mule detection – accounts opened to facilitate fraud.
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ID theft / impersonation – fraudsters applying using stolen identity information.
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Application velocity checks – tracking multiple applications in short timeframes.
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Bust-out fraud – identifying intent to default from account opening
"We needed a wide range of cutting-edge analytic services that are interoperable and composable, to align with our strategic technology architecture and our enterprise case management technology," said Céline Goulfault, chief operations officer at Entercard. "FICO is a trusted partner with a long history of delivering outstanding results at Entercard."
"FICO Platform gives us the flexibility and power we need to complement our existing capabilities and improve our customer experience while keeping security as our top priority," said Yannick Leclerc, head of Fraud Strategy & Analytics at Entercard.
FICO® Platform uses data, analytics, AI, and optimization to continuously improve decisions, customer interactions, and risk management at scale across the enterprise. The platform is designed to empower enterprises to break down silos across teams and empower employees to achieve customer-focused digital transformation, while giving enterprises greater agility and collaboration.
"Entercard has long been a leader in the fight against fraud," said Nikhil Behl, president, Software at FICO. "Their remarkable results using FICO® Falcon® Fraud Manager have made them a past winner of a FICO® Decision Award for Fraud Control. By adopting the power of FICO Platform, Entercard can give even greater protection to its customers across the region."