GFT Technologies and FICO have formed a new global alliance to enhance fraud prevention and risk decisioning across financial services.
The partnership has been launched against a backdrop of rising digital crime worldwide. Fraud losses in the U.S. reached $12.5bn in 2024, and online crime there grew to $16.6bn. In Europe, payment fraud exceeded €2bn in the first half of 2023 alone. The collaboration aims to help banks change how they respond to these threats by enabling real-time action, early fraud detection, and more streamlined risk decisions.
GFT brings its strength in cloud modernisation, digital banking transformation, and data-driven engineering, while FICO contributes advanced models for fraud detection, credit risk scoring, and decision optimisation. Together, the firms intend to offer banks and FinTechs a unified approach to managing threats, compliance pressures, and customer journeys.
Early success stories from the alliance have already emerged across Asia and Latin America. In Asia, a digital bank used FICO’s real-time analytics to accelerate decision-making and implement dynamic risk controls, with GFT enabling seamless digital onboarding, identity verification, and continuous lifecycle monitoring. In Latin America, GFT applied the FICO Platform’s decision engine to build a demand-management solution for a major insurer, enabling projects to be prioritised based on strategic data and defined rules to maximise impact.
A key technology enhancement within the partnership will be the integration of GFT’s generative AI product Wynxx. This tool automates essential stages of the software development lifecycle and will act as an intelligence layer for future FICO implementation projects. Wynxx will enhance data analysis, uncover hidden patterns, and enrich inputs before they feed into FICO’s fraud, credit risk, decision orchestration, or customer communications solutions.
Additional plans include the creation of a dedicated GFT Center of Excellence for FICO technologies, designed to build specialist expertise and support standardised global rollouts across banking and insurance. With fraud becoming increasingly sophisticated, the firms expect their collaboration to help institutions respond faster, operate more efficiently, and maintain customer trust.
GFT CEO Marco Santos said, “This partnership reflects what the market needs most: speed, trust, and intelligence at scale. Together with FICO, we are helping institutions around the world rethink how they respond to risk and deliver better, safer experiences for their customers.”
GFT CEO USA Rishi Chohan said, “In the U.S., banks operate in one of the most highly regulated environments in the world, making effective risk management not just a balance-sheet discipline but an imperative for compliance. For too long, financial institutions have managed risk through fragmented systems that increase complexity and cost. Through our partnership with FICO, we’re delivering a unified platform that consolidates essential risk-management tools into a single solution, helping banks improve efficiency, reduce costs, and strengthen compliance.”
FICO vice president for Global Partners & Alliances Alexandre Graff said, “FICO’s solutions include a category leader in fraud prevention, protecting more than 4 billion payment accounts worldwide. Our innovations combine machine learning, 360 degree views of customer behavior, and decision optimization to power smarter decisions that detect fraud earlier and build customer trust. Our partnership with GFT will bring this power to more businesses worldwide, helping them protect their customers in an increasingly dangerous online world.”
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