Teradata and FICO Associate to Cut back Fraud


Could 18, 2023 | SAN DIEGO, CA and BOZEMAN, MT

New settlement to deliver AI-powered determination automation and optimization to monetary providers, healthcare, retail, manufacturing and journey/transportation

Teradata (NYSE: TDC) and FICO, the analytics software program supplier (NYSE: FICO), right now introduced an settlement underneath which they plan to deliver to market built-in superior analytic options for real-time funds fraud, insurance coverage claims, and provide chain optimization. Bringing information, analytics and insights collectively in a single setting streamlines the event of options to be used circumstances throughout industries, dashing time-to-delivery and making them accessible for joint prospects sooner. The ensuing options are a part of a brand new world relationship between the 2 firms, and are anticipated to ship lowered prices, improved income, elevated danger mitigation and higher buyer satisfaction for Teradata/FICO prospects.

“AI is altering all the things, and enterprise might want to regulate to each the threats and the alternatives,” mentioned Lisa Stewart, SVP WW Companions and Alliances at Teradata. “From combating fraud to managing world provide chains, AI-powered analytics and superior determination administration are the brand new necessities for maintaining in addition to creating benefit. These are the core competencies of Teradata and FICO, and our partnership will make it simpler for our joint prospects to innovate on this new AI-driven actuality.”

The 2 firms have recognized three preliminary choices:

  • Fraud detection for real-time funds. Whereas FICO fraud options are the worldwide chief in card funds fraud, defending greater than 2.6 billion cost playing cards worldwide, this type of refined safety isn’t accessible for different kinds of cost merchandise. To handle this hole, FICO and Teradata have designed a fraud answer for real-time funds that can assist mitigate the growing scams and funds fraud in retail banking accounts.

    The answer will deliver collectively FICO’s market main FICO® Falcon® Fraud Supervisor, with its highly effective consortium information and neural community fashions, and Teradata’s capabilities in enterprise-scale AI/predictive and prescriptive analytics. That is anticipated to offer a holistic view of a banking buyer’s transactional and funds exercise, and when mixed with FICO determination administration, present best-in-class fraud prevention for P2P, B2C, ACH and different cost transactions.


  • Enhancing outcomes for complicated medical claims. Predicting and managing healthcare expenditures is a prime strategic precedence for property & casualty, main medical, and public (authorities) insurance coverage packages. Regardless of trade progress in particular, focused areas – corresponding to opioid dependancy or kidney failure – an method for holding complete price throughout any situation nonetheless eludes trade leaders.

    FICO and Teradata have designed a call automation answer to speed up the inclusion of affected person insights into the operations of claims adjusters, case managers, and particular investigations items. The results of utilizing AI on this answer to shortly section after which establish pathways to care (based mostly on procedures and diagnoses) can decrease the monetary burden whereas producing superior medical outcomes for the affected person.


  • Enhancing provide chain effectivity and growing resilience. As soon as an nearly invisible societal profit, world provide chains are actually more and more underneath scrutiny as they proceed to expertise pressure underneath the unrelenting strain to ship. From meals to drugs to transportation and expertise, fragile provide chains should navigate this risky setting.

    FICO’s superior mathematical optimization coupled with Teradata’s multidimensional scaling has the potential to allow organizations to construct sturdy capabilities to mannequin, optimize and simulate totally different situations that have an effect on their provide chains, after which deploy essentially the most environment friendly choices. On the coronary heart of this functionality is a number one optimization modeling and solver platform based mostly on FICO® Xpress Perception, which permits operation researchers, information scientists, analysts, and enterprise managers to simply collaborate on provide chain options that facilitate environment friendly, efficient and time-sensitive determination making. This could result in improved effectivity throughout plan, supply, make, ship, and return, growing a company’s resilience with speedy identification and mitigation of dangers, and improved long-term buyer satisfaction.

“Behind these options and others we’re growing is unimaginable IP in determination administration expertise, predictive analytics, mathematical optimization and different areas,” mentioned Alexandre Graff, senior vice chairman of partnerships for FICO. “Teradata and FICO each have excellent groups and applied sciences for operational analytics. Collectively we are able to make breakthroughs that assist companies worldwide prosper.”

FICO was named Finest Expertise Supplier for Knowledge Analytics on the 2022 Credit score Awards, and a Chief in The Forrester Wave™: Digital Decisioning Platforms, This fall 2020. Gartner has named Teradata a Chief within the Magic Quadrant for Cloud Database Administration Techniques and ranked Teradata #1 in all 4 use circumstances within the Crucial Capabilities for Cloud Database Administration Techniques for Analytical Use Instances. The 4 use circumstances are: Knowledge Warehouse, Logical Knowledge Warehouse, Knowledge Lake, and Streaming Analytics.*

FICO and Teradata will focus on their partnership at FICO® World 2023, Could 16-19 in Hollywood, FL. Please attend Teradata’s session on “The Way forward for Banking Is Open” that includes Lawrence Latvala and Frank Saavedra-Lim on Thursday, Could 18 at 4 pm in Nice Corridor 1.


The joint options from Teradata and FICO are focused for availability in Q3 2023, throughout multi-cloud and hybrid environments globally.

About FICO

FICO (NYSE: FICO) powers selections that assist individuals and companies world wide prosper. Based in 1956, the corporate is a pioneer in using predictive analytics and information science to enhance operational selections. FICO holds greater than 200 US and international patents on applied sciences that enhance profitability, buyer satisfaction and development for companies in monetary providers, telecommunications, well being care, retail and lots of different industries. Utilizing FICO options, companies in almost 120 nations do all the things from defending 2.6 billion cost playing cards from fraud, to bettering monetary inclusion, to growing provide chain resiliency. The FICO® Rating, utilized by 90% of prime US lenders, is the usual measure of shopper credit score danger within the US and different nations, bettering danger administration, credit score entry and transparency. Study extra at www.fico.com.

FICO and Falcon are registered logos of Honest Isaac Company within the US and different nations.

*Gartner Magic Quadrant for Cloud Database Administration Techniques; Henry Prepare dinner, Merv Adrian, Rick Greenwald, Xingyu Gu, 13 Dec 2022 and Gartner, Crucial Capabilities for Cloud Database Administration Techniques, Rick Greenwald, Merv Adrian, Adam Ronthal, Philip Russom, Henry Prepare dinner, Xingyu Gu 15 December. 2022

Study extra at https://www.fico.com

Teradata is the related multi-cloud information platform for enterprise analytics firm. Our enterprise analytics remedy enterprise challenges from begin to scale. Solely Teradata provides you the pliability to deal with the large and blended information workloads of the long run, right now. Study extra at Teradata.com.