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FICO Falcon Platform Reviews

Vendor: FICO
4.3 out of 5

What is FICO Falcon Platform?

FICO Falcon Platform mindshare

As of June 2025, the mindshare of FICO Falcon Platform in the Fraud Detection and Prevention category stands at 8.8%, up from 7.8% compared to the previous year, according to calculations based on PeerSpot user engagement data.
Fraud Detection and Prevention
 
 
Key learnings from peers

Valuable Features

Room for Improvement

Pricing

Top industries

By visitors reading reviews
Financial Services Firm
43%
Computer Software Company
15%
Comms Service Provider
4%
University
3%
Government
3%
Media Company
3%
Real Estate/Law Firm
2%
Manufacturing Company
2%
Retailer
2%
Construction Company
2%
Healthcare Company
2%
Educational Organization
2%
Legal Firm
2%
Insurance Company
2%
Outsourcing Company
2%
Non Profit
2%
Wholesaler/Distributor
1%
Mining And Metals Company
1%
Performing Arts
1%
Recreational Facilities/Services Company
1%
Hospitality Company
1%
Security Firm
1%
Energy/Utilities Company
1%
Transportation Company
1%

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FICO Falcon Platform reviews

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PeerSpot user
Manager - Anti-Fraud Strategy & System Solution Officer at a financial services firm with 10,001+ employees
Verified user of FICO Falcon Platform
Jul 18, 2024
Real-time capability, consortium data model but offline analysis of transactions is not flexible

Pros

"It can make real-time decisions or real-time declines."

Cons

" When setting up rules or parameters, some coding is required, and the learning curve is quite steep."
LA
Senior Systems Analyst at Itau Unibanco S.A.
Verified user of FICO Falcon Platform
Feb 1, 2023
It can set rules to identify suspicious activity at each point of sale during every transaction

Pros

"FICO is working on a local model specifically for Brazil, whereas tools from Oracle and other vendors are only developed for general use. I haven't seen any other vendors who think like that until now. "

Cons

"I've had bad experiences with FICO support. At the bank, we've faced critical problems where we only had minutes to find the solution, and it's hard to explain quickly. We contacted FICO, but they told us it was beyond their scope of support. They try to triage the call by asking us how much money we're losing, but I can't go into that. "