Presented by
Somesh Kumar, Risk Integration Director, BMO
BMO and FICO Transform Financial Services with AWS | Amazon Web Services
About this talk
Bank of Montreal (BMO), a 200-year-old financial institution and eighth-largest bank in the Americas, partnered with FICO and AWS to modernize its credit decision systems. Facing challenges with legacy, on-premise infrastructure, BMO transitioned to cloud services through FICO’s solution 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.
AWS for Financial Services
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Reimagine your business for today and tomorrow
AWS for Financial Services pioneers the intersection of financial services and technology. We enable customers to optimize operations and drive innovation using the industry's broadest set of services and partner solutions - while maintaining security, compliance, and resilience at scale. Tens of thousands of financial services firms worldwide, from fast-growing Fintechs to systemically important financial institutions, are building their future on AWS. AWS delivers cloud solutions for Banking, Capital Markets, Insurance, FinTech, and Payment Processing companies. Financial services leaders trust AWS's expertise, developed through over 15 years of helping customers harness cloud computing.
Key Industry Solutions:
• Banking: Modernize core banking platforms, optimize operations with AI and ML, transform customer experiences end-to-end, enhance digital banking capabilities, improve risk management and compliance
• Capital Markets: Automate trade lifecycle processes, enhance risk management systems, improve data-driven investing, optimize portfolio management, streamline regulatory reporting
• Insurance: Transform core insurance applications, achieve intelligent workflow automation, enhance customer experience, accelerate claims processing, improve underwriting accuracy
• Payments: Modernize payment platforms, strengthen fraud detection, expand value-added services using AI and ML, enable real-time payment processing, enhance payment security
• Fintech: Build scalable, long-term solutions, gain transparency into financial insights, ensure data quality and security, accelerate innovation and time to market, enable seamless integration capabilities