New Delhi — Tech Mahindra, India's leading IT consulting firm, has joined forces with FICO, a global analytics powerhouse, to revolutionize how banks make decisions using artificial intelligence.
The partnership aims to help banking, financial services, and insurance organizations worldwide accelerate digital transformation and unlock measurable business outcomes through AI-powered decisioning and advanced analytics.
Key Facts
• Tech Mahindra will establish a dedicated Centre of Excellence for FICO Platform to deliver end-to-end consulting, implementation, and managed services globally
• The CoE will focus on core banking modernization and intelligent decisioning, helping financial institutions unify fragmented systems into a single AI-driven decisioning layer
• Tech Mahindra will launch dedicated skill development programs to train consultants on FICO's AI-driven decisioning tools, moving enterprises from experimentation to production-ready deployments
The collaboration represents a critical convergence of India's technology expertise with world-class analytics capabilities. Tech Mahindra's deep knowledge of digital business transformation, cloud-native architectures, data engineering, and AI modernization will drive the partnership forward.
Global financial institutions face a significant challenge: deriving meaningful returns from digital transformation investments while managing shortages of skilled data scientists and system architects. This delay causes fragmented decision-making across banking operations.
The partnership directly addresses this gap by bringing together FICO's proven analytics platform with Tech Mahindra's implementation expertise and global delivery scale. Banks will benefit from faster integration, reduced implementation risk, and quicker time-to-value.
Harshul Asnani, President and Head of Europe Business at Tech Mahindra, emphasized the partnership's impact:
The initiative will help financial institutions transform core banking environments by consolidating decision-making systems into one unified, AI-driven layer. This modernization enables faster product launches and improved customer engagement.
The partnership begins with banking, financial services, and insurance sectors but will expand into additional industries. Tech Mahindra's skilled workforce and proprietary accelerators will enable clients to de-risk AI adoption while maximizing return on investment.
While the initial focus targets BFSI organizations, the collaboration signals a broader industry shift toward responsible, production-ready AI deployment. Tech Mahindra and FICO are jointly developing industry-specific solutions to extend this transformation across sectors.
Banks and financial institutions should recognize this partnership as a pathway to faster digital transformation without compromising enterprise-level reliability or compliance standards. Organizations ready to modernize their decision-making infrastructure will find significant competitive advantages.
Do You Know?
FICO's credit scoring technology is used by 90 percent of top US lenders, and FICO solutions protect over 4 billion payment cards from fraud globally. Using FICO's platform, businesses in more than 80 countries improve operational decisions while managing risk and driving growth.
Key Terms
• AI-Driven Decisioning: Using artificial intelligence to automate and improve business decisions in real time, such as credit approvals and fraud detection
• Core Banking Modernization: Replacing outdated banking systems with modern, cloud-based platforms that improve speed, flexibility, and customer experience
• Centre of Excellence (CoE): A dedicated team of experts who provide specialized services, training, and best practices to help organizations implement new technologies effectively
• BFSI: Banking, Financial Services, and Insurance sector, representing the entire financial industry ecosystem
• Production-Ready Deployment: Moving AI projects from experimental testing phase to full, reliable implementation that serves real customers and operations
Image from Wikimedia Commons