Leading analytics provider takes cloud-first
approach, migrates enterprise analytics platform to AWS as part of
digital transformation journey
Today, Amazon Web Services, Inc. (AWS), an Amazon.com company
(NASDAQ: AMZN), announced that FICO (NYSE: FICO) has selected AWS
as its cloud provider. FICO has migrated several core applications,
including myFICO.com and its flagship analytics platform, the
Decision Management Suite (DMS), to AWS, and will migrate
additional applications over the next three years. Going
cloud-first with AWS will give teams across FICO access to the most
comprehensive set of cloud capabilities, proven security and
compliance, and unmatched operational expertise, allowing them to
deliver high-volume analytics software and tools to enterprises
around the globe, including 95 percent of the largest financial
institutions in the US.
FICO began its migration to AWS with DMS, a platform for
operationalizing real-time analytics and decisions. DMS is also the
foundation for all of FICO’s solutions, which drive business
transformation through predictive analytics, business rules
management, and optimization to institutions and consumers around
the world. When FICO decided to offer DMS as a SaaS solution, it
turned to AWS for its proven security, PCI compliance, and breadth
and depth of cloud capabilities, including serverless computing,
containers, analytics, and machine learning. AWS enables FICO to
deploy new applications more quickly, while reducing costs, and
keeping financial data secure.
“When we started to plan for our digital transformation, time to
value, velocity, scalability, cost control and security were our
top priorities. AWS’s experience with other companies in highly
regulated industries, combined with its industry leading
technology, made AWS the obvious choice for FICO,” said Jeet Kaul,
VP Engineering at FICO. “Today, we’re taking a cloud-first approach
to development with AWS as our cloud infrastructure provider. This
will allow us to get out of the business of building data centers,
so we can continue our 60-plus-year history of pioneering data and
analytics software to help businesses improve the precision,
consistency, and agility of their complex decisions.”
“Cloud has become the new normal for even the most highly
regulated, data-sensitive organizations like FICO,” said Mike
Clayville, Vice President, Worldwide Commercial Sales at AWS. “FICO
has long been a leader in applying analytics and algorithms to help
enterprises – from financial institutions and telecommunications
firms to automakers, retailers and manufacturers – use data to make
better decisions. By taking advantage of the cloud with the most
proven security, and the broadest and deepest functionality –
including a wide range of analytics and machine learning
technologies – FICO will be able to accelerate its pace of
innovation to help its customers get more insights from their data
and turn that knowledge into action at scale and in real-time.”
FICO joins a growing list of innovative financial institutions
running on AWS, including Capital One, NASDAQ, Liberty Mutual
Insurance, Thomson Reuters, Pacific Life Insurance, DBS Bank, and
FINRA.
About Amazon Web Services
For 11 years, Amazon Web Services has been the world’s most
comprehensive and broadly adopted cloud platform. AWS offers over
90 fully featured services for compute, storage, networking,
database, analytics, application services, deployment, management,
developer, mobile, Internet of Things (IoT), Artificial
Intelligence (AI), security, hybrid, and enterprise applications,
from 44 Availability Zones (AZs) across 16 geographic regions in
the U.S., Australia, Brazil, Canada, China, Germany, India,
Ireland, Japan, Korea, Singapore, and the UK. AWS services are
trusted by millions of active customers around the world –
including the fastest growing startups, largest enterprises, and
leading government agencies – to power their infrastructure, make
them more agile, and lower costs. To learn more about AWS, visit
https://aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather
than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Customer reviews,
1-Click shopping, personalized recommendations, Prime, Fulfillment
by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets,
Fire TV, Amazon Echo, and Alexa are some of the products and
services pioneered by Amazon. For more information, visit
www.amazon.com/about and follow @AmazonNews.
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956 and based in
Silicon Valley, the company is a pioneer in the use of predictive
analytics and data science to improve operational decisions. FICO
holds more than 170 US and foreign patents on technologies that
increase profitability, customer satisfaction and growth for
businesses in financial services, telecommunications, health care,
retail and many other industries. Using FICO solutions, businesses
in more than 100 countries do everything from protecting 2.6
billion payment cards from fraud, to helping people get credit, to
ensuring that millions of airplanes and rental cars are in the
right place at the right time. Learn more at http://www.fico.com.
Join the conversation at https://twitter.com/fico &
http://www.fico.com/en/blogs/. FICO is a registered trademark of
Fair Isaac Corporation in the US and other countries.
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