Partner Success with AWS / Financial Services / United States

2024
BMO
FICO

BMO and FICO Transform Financial Services with AWS

Connect with FICO

Bank of Montreal (BMO), a 200-year-old financial institution and eighth-largest bank in the Americas, selected AWS Partner FICO 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.

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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.

More Financial Services Success Stories

Showing results: 33-36
Total results: 62

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  • Financial Services

    Bahrain Kuwait Insurance Company & Zero&One

    Bahrain Kuwait Insurance Company (BKIC) diversified its sales channels to offer embedded insurance to its partners using Amazon Web Services (AWS). Its existing API product was inefficient and slow, so BKIC worked with AWS Partner Zero&One to build a middleware layer to manage its APIs, resulting in a 66 percent increase in speed and 98 percent reduction in API size. Using API Gateway, AWS Lambda, and AWS Control Tower, BKIC cut costs and improved the performance and efficiency of its embedded insurance platform.

    2023

  • Financial Services

    Helvetia & Accenture

    AWS Partner Accenture helped Swiss-based Helvetia Insurance develop a cloud migration strategy for part of its applications’ landscape to Amazon Web Services (AWS). Helvetia provides all forms of insurance in Europe, and specialized insurance and reinsurance services worldwide. With 72 percent of its applications now migrated to the cloud, it is on target to close its data centers by the end of 2023. Using AWS services including Amazon EC2 and Amazon RDS, the company has cut its carbon emissions by 70 percent and is able to instantly spin up new testing environments, allowing it to focus on innovation.

    2023

  • Financial Services

    Clowd9 & Bytes

    CLOWD9 is transforming banking transactions, such as issuer processing, by building cloud-native services that offer improved latency, reliability, security, and instant scalability to legacy-bound financial institutions. The company was already building on Amazon Web Services (AWS) to offer services to its customers, but needed help from AWS Partner Bytes to provide the instant, global support that customers require wherever they are in the world.

    2023

  • Financial Services

    Archway Software & Mendix

    Archway Software, a technology solution provider for regional and local banks, spun off from WaFd Bank’s (Washington Federal) innovation lab after it used Mendix to build out its online banking and contact center portal in just 10 months. WaFd saw the potential for its Mendix products to help other banks deliver on innovation and founded Archway. As a low-code development platform that runs on Amazon Web Services (AWS), Mendix allowed WaFd to create a portal without incurring significant technical debt. Today, Archway helps banks get up and running with online portals four times faster than traditional providers thanks to Mendix and AWS.

    2023
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