Fair Isaac Corporation

by Grant HEnson

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Fair Isaac Corporation, also known by its acronym FICO, is an American company that provides businesses with software tools and services that leverage data science and analytics. The company's most notable product is the FICO score, an industry standard for credit scoring in the United States.


FICO was founded in 1956 by engineer Bill Fair and mathematician Earl Isaac. The company originally focused on delivering consulting services and decision management systems. In the late 1980s, FICO developed the FICO score, a three-digit number ranging from 300 to 850 that is used to assess an individual's creditworthiness.

The FICO Score

The FICO score is based on a variety of factors, including payment history, amounts owed, length of credit history, new credit, and types of credit used. A higher FICO score indicates that a borrower is less risky and more likely to repay a loan. Lenders use FICO scores to make decisions about whether to approve loans and what interest rates to charge.

Role in the Finance Industry

FICO's FICO score is used by over 90% of top lenders in the United States. The score is a key factor in the approval process for mortgages, personal loans, and credit cards. It also influences the interest rates that consumers are offered.

Beyond Credit Scoring

Although FICO is best known for its FICO score, the company offers a wide range of other products and services. These products include fraud detection solutions, marketing analytics, and operational decision management systems. FICO's products are used by businesses in a variety of industries, including healthcare, retail, and telecommunications.


Fair Isaac Corporation is a leading provider of data science and analytics solutions. The company's FICO score is an industry standard for credit scoring in the United States. FICO's products and services are used by businesses to make more informed decisions, reduce risks, and increase operational efficiency.

In a data-driven world, FICO plays a crucial role in helping businesses make better decisions. The company's products and services help businesses to understand their customers better, identify fraud, and optimize their operations. By continuing to innovate in the realm of data analysis and predictive modeling, FICO is poised to remain a significant player in the world of business.

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