FICO and Tech Mahindra recently announced a new global partnership. This collaboration focuses on expanding AI-Driven Decisioning for the financial sector. Both companies aim to help banks accelerate their digital growth. Tech Mahindra will establish a new Centre of Excellence for the FICO Platform. This center will support large-scale core banking modernization projects globally.
The partnership helps institutions move away from fragmented systems. It unifies different processes into one AI-Driven Decisioning layer. This change allows for faster and more accurate business outcomes. Tech Mahindra provides deep expertise in cloud-native architectures and data engineering. Consequently, clients can reduce implementation risks and save valuable time.
Harshul Asnani serves as the President and Head of Europe Business at Tech Mahindra. He shared insights on the challenges enterprises face today.
“Enterprises are struggling to derive meaningful returns from their digital transformation investments. This challenge is amplified by a global shortage of data scientists and system architects, resulting in delayed implementations and fragmented decisioning. The partnership addresses this gap, bringing together FICO’s proven analytics platform with Tech Mahindra’s deep implementation expertise.”
Alexandre Graff is the vice president for Global Partners & Alliances at FICO. He also commented on the speed of value creation.
“By leveraging Tech Mahindra’s FICO-trained experts, proprietary accelerators, and ready-to-deploy integrations, businesses can significantly reduce implementation risk and fast-track their digital transformation journeys.”
The initial focus remains on the banking and insurance sectors. However, the teams plan to expand AI-Driven Decisioning into other industries later. Tech Mahindra will launch training programs for its consultants. Such programs guarantee a skilled workforce for AI-led tools. This partnership will actually help organizations operationalize AI on a large scale. Reliable data science stays at the core of this global effort.
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News Source: Businesswire.com
