The Falcon Intelligence Network is designed to drive fraud-focused AI innovation while providing a global perspective of fraud detection performance.

I spoke with one of FICO’s principal scientists, Derek Dempsey, who shared how AI and machine learning are solving problems in application fraud.

In terms of detecting fraudulent card transactions, there’s only one data source that offers the most predictive power, hands down: other card transactions, and lots of them.

UBS Card Center, which processes roughly 25 percent of the credit cards in Switzerland, has cut the amount of fraud writ...