FICO® is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s ground-breaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries.

FICO® provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of its products reach industry-wide adoption — such as the FICO® Score, the standard measure of consumer credit risk in the United States. FICO® solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health.

Founded in 1956, FICO® introduced analytic solutions such as credit scoring that have made credit more widely available, not just in the United States but around the world. It has pioneered the development and application of critical technologies behind decision management. These include predictive analytics, business rules management and optimization. FICO® uses these technologies to help businesses improve the precision, consistency and agility of their complex, high–volume decisions.

With 25 locations worldwide, FICO® has a truly global presence

Today, more than 25 countries on 5 continents use FICO® Scores. It has established offices throughout the world serving industries including financial services, health care, insurance, automotive, the public sector, retail, pharmaceuticals, telecommunications, travel and hospitality, media and entertainment, high tech, and utilities. In the US alone, FICO® Scores are used in over 90% of US consumer lending decisions.

If you find these numbers impressive, consider these figures:

Many of the top Fortune 500 companies are FICO® Clients. This comes at no surprise as more than half of the top 100 banks in the world currently use FICO® Scores. Among these clients are more than 600 personal and commercial line insurers in North America and Europe including the top 10 US personal lines insurers; 400+ retailers and general merchandisers including one-third of the top 100 U.S. retailers, 90 of the top 100 largest financial institutions in the U.S., all the 100 largest U.S. credit card issuers and more.

To date, more than 100 billion FICO scores have been sold, and FICO® Scores Open Access has provided 200 million US consumer accounts with free scores.

HISTORY TIMELINE

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HISTORY TIMELINE

1956
1958
1981
1987
1991
2000
2001
2005
2008
2009
2010
2011
2012
2013
2014
2015