Consumer credit reporting company Experian has announced a ten year partnership with Amazon Web Services (AWS) to accelerate its transition to cloud based systems.

The collaboration will enable Experian to implement scalable solutions incorporating generative AI technology, providing clients with enhanced data insights and improved security.

Under the agreement, Experian will migrate from mainframe computers and shift multiple on premises servers to AWS cloud infrastructure. This transition will allow the company to consolidate its technology platforms and utilise AWS analytics tools, granting financial institutions real time access to critical intelligence.

The company revealed it has already developed approximately 100 generative AI applications aimed at improving operational efficiency and creating new credit and financial analytics services. By implementing AI technology, Experian is simplifying complex database migration processes through automation, optimising large scale data transfers while maintaining accuracy and minimising system downtime.

Rodrigo Rodrigues, chief technology officer at Experian, commented: "Our initial migrations delivered significant improvements in performance, security and reliability, making the decision to adopt a cloud first strategy straightforward. Having cloud based data accessibility positions us to invest in innovative capabilities like generative AI while maintaining our proven security standards."

Rodrigues added: "The move to AWS has yielded substantial benefits, including a 60 per cent reduction in data processing time. We've accelerated new product development from months to weeks and gained the ability to perform real time credit data analysis, ultimately enhancing our customer service capabilities."

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