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Business Wire
27-05-2025
- Business
- Business Wire
FICO Aims to Accelerate Businesses' Digital Transformation Under New Strategic Collaboration Agreement with AWS
BOZEMAN, Mont.--(BUSINESS WIRE)-- FICO (NYSE: FICO) – Global analytics software leader FICO announced today that it has signed a new strategic collaboration agreement with Amazon Web Services (AWS). This agreement builds on the longstanding collaboration between the two firms, under which they advance businesses' digital transformation and power customer connections. FICO and AWS will amplify their work to bring more organizations worldwide the power of AI-driven, automated decision workflows with FICO Platform Under the new agreement, FICO and AWS will amplify their work to bring more organizations worldwide the power of AI-driven, automated decision workflows with FICO Platform, which runs on AWS, and FICO will broaden its participation in AWS partner programs to accelerate client adoption of FICO Platform. FICO solutions will also be available through AWS Marketplace Private Offers. AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on AWS. The first of these solutions, FICO® Decision Modeler, is now available in AWS Marketplace. FICO Decision Modeler is the advanced decision management system that powers greater flexibility, ease of use and decision accuracy, and is at the core of FICO Platform. 'Customers and partners worldwide benefit from our solutions powered by AWS,' said Alexandre Graff, vice president of Global Partners & Alliances at FICO. 'We also work collaboratively on solution development, for example through the AWS Generative AI Innovation Center, where we are developing agentic AI capabilities within FICO Platform. And the collaboration is a two-way street; Amazon has an enterprise license for our FICO® Xpress optimization suite, which is used for multiple purposes including within Amazon Connect. This is a multi-faceted collaboration.' Many financial institutions are already using FICO Platform on AWS to drive successful business initiatives, such as Westpac NZ, one of New Zealand's largest retail banks. 'With FICO Platform, which supports transformation at scale on AWS, we've been able to shift from focusing on individual decisions we make on a customer's account, to thinking strategically about how we manage customers across all of their accounts and throughout their lifetime with the bank,' said Regan Goble, Risk Analytics senior manager at Westpac NZ. "FICO's decision management solutions provide customers with powerful tools for making data-driven financial decisions," said Scott Mullins, managing director, Worldwide Financial Services at AWS. "Making these solutions available in AWS Marketplace simplifies procurement for our customers while providing the security, scalability, and performance benefits of AWS. Together with FICO, we're helping financial institutions transform their operations with advanced analytics and AI capabilities that deliver tangible business outcomes." This collaboration underscores the value of FICO and AWS to provide flexibility and unlock greater business value for customers across industries. For more information please visit: About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
Techday NZ
27-05-2025
- Business
- Techday NZ
FICO & AWS expand AI decision platform via marketplace
FICO has signed a new strategic collaboration agreement with Amazon Web Services to expand the global reach of its decision management solutions. The agreement will see FICO and AWS increase their joint efforts to provide organisations worldwide with access to AI-driven, automated decision workflows on the FICO Platform, which operates on AWS. FICO plans to broaden its involvement in AWS partner programmes in order to help accelerate the adoption of its solutions among clients. Under the terms of the agreement, FICO solutions will be made available through AWS Marketplace Private Offers, allowing customers to find, test, buy, and deploy software that runs on AWS. AWS Marketplace offers a digital catalogue of software listings from independent vendors. The first FICO solution now available in AWS Marketplace is FICO Decision Modeler, a decision management system designed to enhance flexibility, usability, and decision accuracy. Decision Modeler forms a core component of FICO Platform. Alexandre Graff, Vice President of Global Partners & Alliances at FICO, explained the scope of the collaboration: "Customers and partners worldwide benefit from our solutions powered by AWS. We also work collaboratively on solution development, for example through the AWS Generative AI Innovation Center, where we are developing agentic AI capabilities within FICO Platform. And the collaboration is a two-way street; Amazon has an enterprise license for our FICO Xpress optimization suite, which is used for multiple purposes including within Amazon Connect. This is a multi-faceted collaboration." Several financial institutions are already utilising FICO Platform on AWS. Westpac NZ, one of New Zealand's largest retail banks, has reported a shift in approach with the adoption of these systems. Regan Goble, Risk Analytics Senior Manager at Westpac NZ, said: "With FICO Platform, which supports transformation at scale on AWS, we've been able to shift from focusing on individual decisions we make on a customer's account, to thinking strategically about how we manage customers across all of their accounts and throughout their lifetime with the bank." Scott Mullins, Managing Director, Worldwide Financial Services at AWS, commented on the availability of FICO solutions in the marketplace. "FICO's decision management solutions provide customers with powerful tools for making data-driven financial decisions. Making these solutions available in AWS Marketplace simplifies procurement for our customers while providing the security, scalability, and performance benefits of AWS. Together with FICO, we're helping financial institutions transform their operations with advanced analytics and AI capabilities that deliver tangible business outcomes." The collaboration aims to provide increased flexibility and business value to customers in a range of industries through the application of advanced analytics and AI-driven decisioning in the cloud. Follow us on: Share on:
