Indonesia-based Permata Bank is to deploy Falcon Fraud
Manager, by global analytics and decision management
technology vendor FICO.
According to FICO, Permata Bank is the first
in Indonesia to deploy the Falcon Fraud Manager to prevent, detect
and investigate fraud in debit and credit card transactions.
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Falcon Fraud Manager tracks debit and credit
card transactionsin real time, enabling the bank to end high-risk
transaction, FICO said.
The vendor is working with Indonesian company
Astra Graphia Information Technology, to implement the FICO
technology this year.
“With almost 50 million credit and debit cards in Indonesia, it
is now more important than ever for effective fraud management to
protect card issuers and consumers,” said Dattu Kompella, managing
director and head of FICO for Australia, ASEAN and India.
Permata Bank is headquartered in Indonesia and
has 1.9m retail banking clients, 275 branches and 610 ATMs across
55 cities.
It was established in 2002 when five banks –
PT Bank Bali, PT. Bank Universal, PT Bank Prima Express, PT
Bank Artamedia and PT Bank Patriot – merged.
