AI-Powered Fraud Detection and Defense With Teradata and FICO

The adoption of real-time payments (RTP) has skyrocketed due to their speed and convenience. However, the proliferation of RTP usage has also opened new avenues for fraud and scams. In order to take advantage of instant payment technology for themselves and their customers, financial institutions need to adapt their fraud detection systems accordingly.

Effective fraud detection for instant payments requires a holistic understanding of customer behavior and continuous training on new fraud patterns across the industry. That’s why Teradata and FICO have joined forces to deliver a single, comprehensive solution that provides everything a bank or payment processor needs to minimize the risk of instant payment fraud without sacrificing the customer experience.