FICO

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FICO
Type Public company
Traded as NYSEFICO
Industry Computer software
Founded 1956
Headquarters San Jose, California
Area served Worldwide
Key people William J Lansing, CEO
Bill Fair, co-founder
Earl Isaac, co-founder
Products FICO Score, TRIAD Customer Manager, Blaze Advisor, Falcon Fraud Platform, Debt Manager, Model Builder
Services Predictive Analytics, Big Data Analytics, Business intelligence, Fraud and Security Software
Employees 2700
Website www.fico.com/en

FICO is an American public company that provides analytics software and services—including credit scoring—intended to help financial services companies make complex, high-volume decisions. FICO also has clients outside of the financial services sector.

History[edit]

A pioneer credit score company, FICO was founded in 1956 as Fair, Isaac and Company by engineer Bill Fair and mathematician Earl Isaac.[1] FICO was first headquartered in San Rafael, California, United States.[2]

Selling its first credit scoring system two years after the company's creation,[1] sales of similar systems soon followed. In 1987 FICO went public.[1] The introduction of the first general-purpose FICO score was in 1989 when BEACON debuted at Equifax.[1]

Originally called Fair, Isaac and Company, it was renamed Fair Isaac Corporation in 2003.[1] The company rebranded again in 2009, changing its name and ticker symbol to FICO.[3]

Location[edit]

FICO has its headquarters in San Jose, California, United States and has offices in Asia Pacific, Australia, Brazil, Canada, China, India, Korea, Malaysia, Singapore, Spain, United Kingdom, and the USA. Its main offices are located in San Jose, California, Minneapolis, Minnesota, New York City, New York, Fairfax, Virginia, San Rafael, California, and San Diego, California.

FICO score[edit]

Main article: FICO score

A measure of credit risk, FICO scores are available through all of the major consumer reporting agencies in the United States and Canada: Equifax;[4] Experian;[4] TransUnion;[4] PRBC.[5]

Clients[edit]

FICO provides its products and services to very large businesses and corporations across a number of fields, notably banking.

See also[edit]

References[edit]

  1. ^ a b c d e History FICO Official Site
  2. ^ "FICO score". December 1, 2011. Archived from the original on 2013-01-22. 
  3. ^ FICO Unveils New Ticker Symbol on New York Stock Exchange FICO Official Site
  4. ^ a b c Credit Reporting Agencies FICO Official Site
  5. ^ Fair Isaac and PRBC Team Up to Enhance Credit Risk Tools Used by Mortgage Industry FICO Official Site

External links[edit]