How Yapı Kredi, Turkey’s Leading Bank, Reduced Fraud Losses by 98.7% with FICO’s Fraud Detection Solutions
Yapı Kredi, the leading bank in Turkey, has been making headlines for its remarkable achievement in fraud prevention. Over the past seven years, the bank has successfully reduced fraud losses by an impressive 98.7%, earning it the title of having the lowest card fraud basis point ratio in Turkiye. This ratio is a significant 50% lower than that of its peers.
Fighting Fraud with FICO’s Advanced Technologies
The bank’s success story began when it implemented FICO’s fraud detection solution, FICO® Falcon® Fraud Manager. Analyzing an astounding 40 million transactions each day, Yapı Kredi’s fraud detection system identifies and detects approximately 500 potential fraud cases. These cases are then thoroughly investigated by the bank’s fraud analysts, resulting in the prevention of significant financial losses.
Recognition for Excellence in Fraud Management
In acknowledgment of its exceptional work in fraud management, FICO recently awarded Yapı Kredi with the 2025 FICO Decision Award. This prestigious recognition is presented annually to organizations that have demonstrated the most significant improvement in the use of FICO solutions to manage risk.
Impact on Consumers and the Financial Industry
For consumers, the implementation of advanced fraud detection systems like FICO’s solution at Yapı Kredi means increased security and peace of mind. They can confidently use their credit and debit cards knowing that their financial information is protected from potential fraudsters. The bank’s success also sets a high standard for the financial industry as a whole, encouraging other institutions to invest in robust fraud detection technologies.
A Global Impact
The impact of Yapı Kredi’s success story extends beyond the borders of Turkiye. As financial institutions around the world grapple with the ever-evolving challenge of fraud prevention, the implementation of advanced technologies like FICO’s fraud detection solutions is becoming increasingly crucial. With the global card-not-present fraud losses projected to reach $30.7 billion by 2023, the need for effective fraud prevention strategies has never been greater.
Conclusion
Yapı Kredi’s impressive reduction in fraud losses serves as a shining example of the power of advanced fraud detection technologies. By implementing FICO’s fraud management solution, the bank has not only secured its position as a leader in the Turkish financial market but also set a new standard for fraud prevention in the global financial industry. With the continued evolution of fraudster tactics, it is essential for financial institutions to stay ahead of the curve and invest in innovative fraud detection solutions like FICO’s Falcon Fraud Manager.
- Yapı Kredi reduced fraud losses by 98.7% over seven years using FICO’s fraud detection solution.
- The bank maintains Turkiye’s lowest card fraud basis point ratio, which is 50% lower than peers.
- FICO recognized Yapı Kredi with the 2025 FICO Decision Award for Fraud Management.
- Yapı Kredi analyzes 40 million transactions daily, detecting 500 potential fraud cases.
- Advanced fraud detection systems like FICO’s solution provide increased security and peace of mind for consumers.
- Effective fraud prevention strategies are crucial as global card-not-present fraud losses are projected to reach $30.7 billion by 2023.
