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.