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Bank of Montreal (BMO), a 200-year-old financial institution and eighth-largest bank in the Americas, selected AWS PartnerFICO and Amazon Web Services (AWS) to modernize its credit decision. Facing challenges with legacy, on-premises infrastructure, BMO transitioned to cloud services through FICO’s Platform on AWS. This move has provided a secure, scalable environment and eliminated issues with updates, offering seamless, version-free upgrades. The partnership has enabled faster, lower-cost changes, reduced data processing times, and allowed for enhanced data integration—all driving better, quicker service for BMO’s 12 million customers.
This partnership with AWS allows us to have a real secure environment that, together with the FICO Platform functionalities, is a win-win."
Daniel Melo Sr. Partner for Partner Solutions, FICO
About Customer BMO
BMO is headquartered in Chicago, IL and is the 8th largest bank in North America by assets, we provide personal and commercial banking, global markets and investment banking services to 13 million customers. We’re proud to be fueling progress for individuals, families and businesses across North America.
About AWS Partner FICO
FICO is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction.
Global investment management firm, AB CarVal, has navigated through ever-changing credit market cycles across 82 countries over 36 years. With AWS Partner Druva, AB CarVal was able to optimize their backup of Amazon EC2 instances, while mitigating operational costs. Hear from Scott Holm, Vice President of Technology Operations at AB CarVal, in this video.
Discover how Citizens Bank overcame the challenges of inconsistent user experience, isolated data silos, and escalating costs to revolutionize their digital banking services. By teaming up with AWS Partner Precisely and Amazon Web Services (AWS), they engineered a groundbreaking solution that delivers trusted, near real-time data across customer channels. The solution resulted in a significant cut in overall expenses and a staggering reduction in MIPS usage. Dive into this transformative journey and see how innovative solutions can lead to significant savings and enhanced customer satisfaction.
Citizens Bank wanted to deliver faster banking experiences and personalized offers for its customers, but innovation was challenged by its costly legacy platform. A collaboration with AWS Partner MongoDB allowed the bank to migrate to a modern tech stack by building a custom data cache on top of its legacy platform. The new architecture with the data cache transformed operations, reduced costs, enhanced access to data to expedite processing tasks, and improved data availability. In addition to delivering customer behavior insights, the new setup also optimized resources, supporting innovative and personalized experiences for Citizens Bank customers.
Israel-based Logz.io improved its FinOps practice with the help of AWS Partner Finout and was able to allocate 98 percent of its workloads and cut 30 percent of its total spending on Amazon Web Services (AWS). Finout’s platform gives its customers access to granular data on AWS, or any other cloud expenditure. It allows different departments to build simple dashboards to give all parts of the business a better understanding of their cloud spend.
Organizations of all sizes across all industries are transforming their businesses and delivering on their missions every day using AWS. Contact our experts and start your own AWS journey today.
