FICO, the predictive analytics and decision management software company, and Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced they have formed an alliance to meet the increasing market need for 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.
“FICO is an industry leader in credit risk and fraud management products. Many of the world’s leading banks and insurers already rely on FICO to accelerate business growth and manage risk. This alliance will enhance Capgemini’s ability to provide our clients with state-of-the-art analytic applications for customer engagement and risk assessment” said Anirban Bose, Global Head of Banking and Financial Services, Capgemini.
Most widely known for its FICO® score, the standard measure of consumer credit risk in the US, FICO is a leader in analytic solutions for customer management and engagement, regulatory compliance, fraud and cybersecurity, and decision management. FICO customer management systems manage about 60 percent of the world’s credit cards, and its fraud systems are utilized by more than 9,000 financial institutions to protect more than 2.6 billion accounts worldwide. Capgemini offers its clients transformational solutions that combine best-in-class technology with deep domain expertise and proven business practices.
“Capgemini is an innovator in the cards, insurance, banking and financial services marketplace and it is a natural partner for us as we address growing demand for Big Data analytics solutions in those sectors,” said Wayne Huyard, Executive Vice President of Global Sales, Marketing and Services, FICO. “Capgemini delivers innovative and cost-effective solutions for complex transformational engagements and has two decades of deep, rich experience with FICO technology. Together, we can accelerate the time to value for businesses seeking powerful, analytics-based solutions to the entire range of challenges they face across the customer lifecycle.”