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Stock impact report

Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud [Yahoo! Finance]

Cognizant Technology Solutions Corporation - Class A (CTSH) 
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: cognizant.com/investors
Company Research Source: Yahoo! Finance
TEANECK, N.J. and BOZEMAN, Mont. April 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today a planned collaboration with FICO , a leading analytics software company, to launch a cloud-based real-time payment fraud prevention solution powered by FICO ® Falcon ® Fraud Manager. The joint offering would leverage both firms' artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments. While real-time payments have ushered in a new era of speed and convenience, they have also opened the door for scammers. The Cognizant and FICO offering would tackle this challenge by providing real-time fraud prevention with a seamless integration of the real-time payments rails. The offering is expected to enable the detection and blocking of fraudulent transactions with greater accuracy, minimizing losses, and creating a secure and sea Show less Read more
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