Fair Isaac Corporation, commonly known as FICO, is an American analytics software company founded in 1956. The company is headquartered in San Jose, California and provides analytics and decision-making services to businesses in various industries, including finance, healthcare, and telecommunications. FICO is known for its credit scoring models used by major credit bureaus and lenders around the world.
FICO went public in 1986 and its stock is listed on the New York Stock Exchange. The company has reported consistent revenue growth over the past several years, with total revenues of $1.1 billion in 2020. The company's profits have also been strong, with a net income of $181 million in 2020.
FICO's products and services are used by businesses to make data-driven decisions, such as determining creditworthiness, detecting fraud, and optimizing marketing campaigns. FICO's credit scoring models are widely used by lenders to assess the credit risk of individuals and businesses. The company also provides a range of fraud detection and prevention solutions to businesses, including those in the financial services and healthcare industries.
In recent years, FICO has expanded its offerings beyond credit scoring and fraud detection. The company has developed advanced analytics solutions for areas such as supply chain management, cybersecurity, and customer engagement. FICO has also invested in artificial intelligence and machine learning technologies to enhance its analytics capabilities.