Capegemini Collaborates with FICO to Enhance Risk and Fraud Expertise in Financial Services

By CIOReview | Wednesday, April 27, 2016
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Zhiwei Jiang, Global Head of Insights & Data, CAPGEMINI FINANCIAL SERVICES

Zhiwei Jiang, Global Head of Insights & Data, CAPGEMINI FINANCIAL SERVICES

FREMONT, CA: FICO an analytics software company headquartered in California announced its collaboration with Capgemini for catering to the increased market need for analytical solutions in finance services. The association will focus on making FICO’s risk and fraud management solutions available through Capgemini’s consulting and integration services in North America.

FICO provides credit and risk management solutions to some of the banks and insurers to accelerate their business growth. “This alliance will enhance Capgemini’s ability to provide clients with state-of-the-art analytic applications for customer engagement and risk assessment,” says this Anirban Bose, Global Head of Banking and Financial Services, Capgemini. Capgemini bridges the gap between finance and risk with its distinct SaaS based offerings which delivers sustainable value to its clients. The company’s ERM platform supports software suites from Oracle and IBM.

FICO specializes in analytical solutions for customer management and engagement, regulatory compliance, fraud and cyber security and decision management. FICO score is accepted across US as a standard measure for consumer credit risk. Company reports state that about 60 percent of the world’s credit cards are managed by FICO customer management systems, and more than 90,000 financial institutions engage their fraud systems to protect billions of accounts worldwide.

“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,” states Wayne Huyard, Executive Vice President of Global Sales, Marketing and Services, FICO. He elaborates by saying that Capgemini delivers cost-effective solutions for complex transformational engagements and has a decade long association with FICO technology. This partnership aims to speed up the time to value for companies seeking analytics-based solutions to tackle the challenges they face across customer lifecycle.