Tech Mahindra has partnered with FICO to help banks and insurers deploy AI-driven decisioning and modernise core systems.
As part of the partnership, Tech Mahindra will set up a dedicated Centre of Excellence for the FICO Platform.
The centre will provide consulting, implementation and managed services for financial institutions using FICO’s analytics and decisioning tools.
The collaboration aims to support large-scale core system modernisation.
It will focus on the seamless integration of the FICO Platform into complex and legacy banking and insurance environments, with the goal of improving decisioning and operational efficiency.
Tech Mahindra said it will apply its experience in cloud-native architectures, data engineering and AI-led digital transformation.
It will also use its global delivery capabilities, industry frameworks and reusable accelerators to support deployments.
Harshul Asnani, President and Head – Europe Business, Tech Mahindra, said,
“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 decision-making.
The partnership addresses this gap, bringing together FICO’s proven analytics platform with Tech Mahindra’s deep implementation expertise. Under this partnership, our skilled workforce will enable customers to drive innovation at scale and unlock measurable business outcomes.”
The two companies will also work on consolidating fragmented decisioning systems into a single AI-driven decisioning layer within core banking and insurance environments.
Tech Mahindra plans to roll out training and enablement programmes to build internal expertise around FICO’s tools.
The aim is to help clients move AI use cases from experimentation into production-ready deployments.
Alexandre Graff, Vice President for Global Partners & Alliances at FICO, said,
“Businesses are looking for the fastest way to get value from FICO Platform.
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.”
While the initial focus is on banking, financial services and insurance, the Centre of Excellence will later support use cases in other industries, including healthcare, life sciences, the public sector, manufacturing, retail and energy.
Featured image: Edited by Fintech News Singapore, based on image by Achmad Khoeron via Freepik
