Teradata teams up with FICO to combat fraud
By Delisha Fernandes
Teradata and FICO, announced an agreement to bring market integrated advanced analytic solutions for real-time payments fraud, insurance claims, and supply chain optimisation.
Bringing data, analytics, and insights together in one environment streamlines the development of solutions for use cases across industries, speeding time-to-delivery and making them available for joint customers sooner.
The resulting solutions are part of a new global relationship between the two companies. They are expected to deliver reduced costs, improved profits, increased risk mitigation and greater customer satisfaction for Teradata/FICO customers.
“AI is changing everything, and business will need to adjust to threats and opportunities,” said Lisa Stewart, SVP WW Partners and Alliances at Teradata. “From fighting fraud to managing global supply chains, AI-powered analytics and advanced decision management are the new requirements for keeping up and creating advantage. These are the core competencies of Teradata and FICO, and our partnership will make it easier for our joint customers to innovate in this new AI-driven reality.”
FICO’s advanced mathematical optimisation and Teradata’s multidimensional scaling can enable organisations to build robust capabilities to model, optimise and simulate different scenarios affecting their supply chains and then deploy the most efficient options.
This can improve efficiency across plan, source, make, deliver, and return, increasing an organisation’s resilience by rapidly identifying and mitigating risks and improving long-term customer satisfaction.
“Behind these solutions and others, we are developing is incredible IP in decision management technology, predictive analytics, mathematical optimisation and other areas,” said Alexandre Graff, senior vice president of partnerships for FICO. “Teradata and FICO both have outstanding teams and technologies for operational analytics and together we can make breakthroughs that help businesses worldwide prosper.”
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