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What is FICO Falcon Fraud Manager?

The payment methods landscape is evolving rapidly, driven by consumers' growing desire for diverse transaction options, which include credit and debit cards, prepaid cards, and various digital payment solutions such as real-time transfers, person-to-person payments, and wire transfers. To maintain customer trust and encourage lasting loyalty, it is crucial to protect against fraud across all these transaction methods. This need is met through a comprehensive framework that is employed by over 9,000 financial institutions worldwide. Implementing a containerized solution facilitates easier updates, allowing for quick modifications to fraud prevention measures as new features are developed, while RESTful APIs provide the essential flexibility for integrating data. FICO’s advanced rules technology enables organizations to promptly respond to new threats and adjust their strategies, policies, and practices to better meet their operational objectives. As consumers continue to demand secure and seamless payment experiences, the importance of establishing robust systems to address these challenges grows significantly. Therefore, investing in such technology is not just beneficial but essential for businesses aiming to thrive in this competitive landscape.

What is Closinglock?

Closinglock is a secure and all-encompassing platform that aims to enhance the real estate closing process by addressing the risks linked to traditional methods like email and fax, replacing them with encrypted and audited workflows that guarantee the secure handling of wire transfers, payoff statements, documents, and signatures. This cutting-edge solution is tailored for title companies, escrow agents, lenders, and real estate attorneys, offering a SOC 2 Type II-certified portal that utilizes 256-bit AES encryption to combat the widespread issue of business email compromise, which leads to considerable financial damages annually. Besides facilitating secure wire transactions, Closinglock incorporates strong identity verification measures, including identification checks and selfie validation, as well as bank-account and payoff-account verification through collaborations with financial institutions. The platform also features a “Good Funds” payment tool that streamlines earnest money deposits and cash-to-close payments, ensuring that all financial transactions are conducted with the highest level of security and efficiency. Additionally, by replacing obsolete processes with its advanced technology, Closinglock plays a pivotal role in maintaining the integrity of real estate transactions while promoting a more transparent and trustworthy environment for all parties involved.

Media

Media

Integrations Supported

RamQuest One
ResWare
SoftPro

Integrations Supported

RamQuest One
ResWare
SoftPro

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

FICO

Date Founded

1984

Company Location

United States

Company Website

www.fico.com/en/products/fico-falcon-fraud-manager

Company Facts

Organization Name

Closinglock

Date Founded

2017

Company Location

United States

Company Website

www.closinglock.com

Categories and Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Categories and Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

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