FICO® Decision Modeler is first FICO solution available in AWS Marketplace
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.
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: https://www.fico.com/en/latest-thinking/white-paper/building-ai-decisioning-cloud
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.
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FICO and AWS will amplify their work to bring more organizations worldwide the power of AI-driven, automated decision workflows with FICO Platform
Contacts
FICO
Julie Huang
press@fico.com