Vodafone to Leverage FICO's Expertise in Tackling Fraud Risk in Digital Channels

LONDON, Nov. 26, 2021 /PRNewswire/ -- Analytics software firm FICO has been engaged by Vodafone, a leading telecommunications company in Europe and Africa, to review new fraud risks and mitigations arising from the accelerated adoption of digital channels due to the pandemic. The FICO Advisors consultancy team will assess Vodafone's operations across 19 countries and advise on tackling new fraud risks at a country level.

The FICO Advisors team will analyse current fraud controls in areas such as customer identification and authentication, tools and technology, digital strategies, digital processes and fraud loss recording and reporting.

"In the telecom industry, the use of digital channels is growing and replacing traditional sales and service channels," said Steve Hadaway, Vice President and Managing Director of FICO in EMEA. "With COVID-19, data usage and online transaction volumes have soared, and this is also driving more fraud to migrate to digital channels. We are using our extensive expertise to assist telecommunications organisations around the world."

"The massive growth in digital engagement has changed business around the world," said Andy Mayo, senior group fraud manager at Vodafone. "With this study, we plan to probe deeper and learn how we can offer even better protection to our customers. We chose the FICO team because of their expertise and experience in telecommunications, specifically in fraud and digital practices."

For more information on FICO fraud solutions for telecommunications:

https://www.fico.com/en/latest-thinking/product-sheet/fico-fraud-solutions-telecommunications

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, manufacturing, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 120 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at www.fico.com.

FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.

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