FICO - Fair, Isaac and Company

FICO stands for “Fair, Isaac and Company”.

The name of the company was based on the founder names.
“Bill Fair” & “Earl Isaac” both is the founder of this company.

This is the major company in a computer world.
The company was founded in the year, 1956.

It is a data analytic company.
Main headquarters: San Jose, California

They mainly focus on credit scoring services.

Services: Computer Software

This company is helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction.

As we know that Fico is a leading analytics software company. So they are using Big Data and 

mathematical algorithms.

They are managing risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations.

Production of Fico:

• FICO Score
• FICO solutions

Usage of Products of Fico:

• FICO Score is used to maintain the standard measure of consumer credit risk in the US.
• A FICO solution is open-source standards and cloud computing which help to maximize flexibility, speed deployment and reduce costs.
• 2.5 Billion Credit cards globally are protected by FICO Fraud Systems.
• Almost 95% of the largest financial institutions in the US are FICO Clients.
• Even 130+ patents have been granted for FICO’s analytics and decision management technology.
• Around 100 Billion FICO Scores have been sold to date making FICO the most used credit score in the world.
• 2,300 employees are working. ¾ home loan originations are given based on the comprehensive insights given by the FICO Score.
• They have 400+ retailers and general merchandisers, including one-third of the top 100 U.S. retailers. $90 Billion dollars are saved every year by FICO products and solutions making FICO a world leader against crime.

The user can apply for FICO Credit Score.

For more details please visit FICO website.