FICO announced it is enhancing its risk management and fraud detection applications by incorporating Infoglide’s Identity Resolution Engine software. Infoglide IRE will serve as the identity resolution engine and link analysis solution across FICO’s suite of fraud detection and risk management products, which include FICO Falcon Fraud Manager for credit grantors and FICO Insurance Fraud Manager.

Now, fraud investigators can identify customers with greater precision, and use link analysis to find connections between transactions, people, third parties, and discrete fraud events that can reveal previously hidden fraud schemes. The combined capabilities expand the view of the fraud investigator and enable the identification of more complicated fraud patterns, criminal fraud rings, and networks of collusive participants that might otherwise appear disconnected from a fraud problem.

The Infoglide Identity Resolution Engine combines an identity resolution capability that resolves common variations in spellings, nicknames, and other personal identification elements, with a sophisticated linking engine that weighs the relevance of multiple identity elements in order to determine the likelihood that individuals and events are related. A key differentiator for the Infoglide technology is the ability to analyze data in situ, without normalizing it and without requiring that it be moved into any proprietary database. This capability leaves the source data intact, strengthening the information value of the resulting analysis. As relationships exposed through the analysis can be quite complicated, Infoglide IRE also provides a browser-based user-interface that allows the fraud investigator to quickly visualize and understand the nature of the relationships between individual actors and fraud events.

FICO will first focus on integrating these powerful capabilities with FICO Falcon Fraud Manager and FICO Insurance Fraud Manager, in order to enable the many users of these solutions to drive more effective fraud investigations and prevent the most complex fraud schemes, often involving multiple individuals and organizations.

“Fraud is becoming increasingly complex, with collusive networks and sophisticated fraud rings harming both credit grantors and their customers,” says Doug Clare, vice president for fraud management solutions at FICO. “Infoglide IRE software provides a unique combination of capabilities—identity resolution, complicated linking algorithms, and data visualization—that complement FICO’s high-performance detection analytics.”

Built on service-oriented architecture, FICO Falcon Fraud Manager uses analytic techniques that synthesize intelligence drawn from billions of payment card transactions and hundreds of person-years of experience to weigh key attributes and identify fraud—all in a fraction of a second. FICO Falcon Fraud Manager protects more than two billion cards worldwide.