UniCredit Picks FICO To Reduce Fraud

FICO has announced the UniCredit banking group has picked its fraud solution oto help reduce fraud losses on personal loans and improve the bank’s customer experience in Italy. As part of its credit application process, UniCredit will score each loan for its likelihood of being fraudulent. Custom fraud models developed by FICO based on UniCredit’s data will be used to analyze personal loans, and models developed by UniCredit and certified by FICO will be used to analyze mortgage loans.

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