Experian has selected Amazon Web Services (AWS) as its preferred cloud provider as part of a broader move to expand its cloud infrastructure and scale up the use of generative artificial intelligence.
The global data and technology firm said the partnership supports its shift to a cloud-first approach, helping improve performance, reliability and scalability across its services.
Migrating away from mainframe systems, Experian is centralising its platforms in the cloud to deliver faster and more secure access to real-time financial data for its clients.
Under a new 10-year agreement, Experian will also work with AWS to develop more than 100 generative AI use cases aimed at improving operations, building new credit and financial analytics tools, and increasing access to data-driven technologies within the company.
The collaboration also supports efforts to democratise data technologies across its workforce.
Experian plans to automate and optimise database migrations to reduce downtime and improve data accuracy.
The company said the move has already led to a 60 percent reduction in data processing time and significantly faster product development cycles.
It also allows real-time analysis of credit data to better serve clients.
In addition to performance gains, Experian is leveraging AWS’ security controls and threat detection capabilities to ensure data protection and compliance with regulatory standards.
“AWS is delighted to partner with Experian to unlock opportunities that drive innovation, increase agility, and accelerate their modernisation.
As they build intelligent data platforms, develop cutting-edge applications with generative AI, and gain real-time insights, Experian is demonstrating how organisations can reinvent their operations while maintaining security, compliance, and resilience at scale.”
said Scott Mullins, Managing Director, Worldwide Financial Services at AWS.
“Our initial migrations gave us enhanced performance, security, and reliability, making it an easy choice to take that a step farther and embrace a cloud-first strategy. Having our data readily available in the cloud sets us up to invest in new capabilities like generative AI and advance products and solutions for our clients with proven security.
By moving to AWS, we’ve reduced our data processing time by 60%, improved our ability to launch new products from months to weeks, and can now analyse credit data in real-time to better serve our customers.”
said Rodrigo Rodrigues, Chief Technology Officer at Experian.
Featured image: Edited by Fintech News Singapore, based on image by komodo via Freepik
