FICO adds Alogram fraud tools to its marketplace

FICO announced on Monday that its marketplace now features fraud intelligence tools developed by Alogram, a provider of AI-powered fraud detection solutions.

The integration allows financial institutions to access Alogram’s tools directly through FICO’s platform, streamlining deployment and enhancing fraud prevention capabilities. Alogram’s offerings leverage machine learning to analyze transaction patterns and identify anomalies in real time, according to the company.

FICO, a long-standing player in analytics and decision management, stated that the partnership aims to address the growing sophistication of fraud schemes targeting banks and payment processors. The marketplace addition follows a collaboration between the two firms to integrate Alogram’s technology with FICO’s existing suite of risk management solutions.

Financial institutions can now evaluate and adopt Alogram’s tools alongside other fraud mitigation options available on the FICO platform. The move reflects broader industry trends toward AI-driven fraud detection, as institutions seek to reduce false positives and improve operational efficiency.

Alogram’s tools join a portfolio of third-party solutions available on FICO’s marketplace, which serves clients across banking, payments, and insurance sectors. The company did not disclose specific pricing or adoption metrics in its announcement.