Capgemini joins forces with FICO for risk and fraud services
FICO, an analytics and decision management software provider, and tech consultancy firm Capgemini have teamed up to provide analytic solutions in financial services.
The alliance will provide FICO’s risk and fraud management products through Capgemini’s consulting and integration services in North America.
Anirban Bose, global head of banking and financial services, Capgemini, says “many of the world’s leading banks and insurers already rely on FICO to accelerate business growth and manage risk”.
Bose adds the partnership will “enhance” its ability to provide clients with analytic applications for customer engagement and risk assessment.
FICO says its customer management systems manage about 60% of the world’s credit cards, and its fraud systems are used by more than 9,000 financial institutions to protect more than 2.6 billion accounts worldwide.
HP source
FICO also extended its partnership with Hewlett Packard Enterprise (HPE) to deliver real-time decision management solutions.
HPE will engage with FICO in joint sales, service and support, delivering analytics and decision management, fraud management, originations, customer management and collections and recovery solutions in financial services (and other sectors).
Marvel at DC
On top of this, FICO recently introduced its Decision Management Suite 2.0, at FICO World 2016 in Washington, DC.
The expanded, cloud-based suite of analytic tools and applications offers the following:
- Team members can work on a unified user interface that uses the recently codified DMN (decision management and notation) standard;
- Centralises decision management process through FICO Strategy Director, a new tool that helps users structure the decision flow;
- Businesses can record and store decisions. FICO Decision Central provides the infrastructure to manage, audit, report and update decision logic along with predictive models, “treating decisions – and any resource that informs decisions – as assets”.
Very ERI
In a recent and separate deal, private banking software vendor ERI and Capgemini partnered for the launch of a shared services centre for private banks and wealth managers in Europe.
ERI will provide its flagship core banking system, Olympic, whilst Capgemini will bring to the table its infrastructure and application management services and business process outsourcing (BPO).
