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Data management system company: Fair Isaac Corporation (FICO) (1956)

Fair Isaac Corporation (NYSE: FICO) was founded in 1956, formerly known as Fair Isaac & Company, Inc., and changed to its current name in July 1992. It is headquartered in San Jose, California, and has 3,167 full-time employees. Leaders in decision management, through the development of analysis, software and data management solutions, help companies realize automation, enhance decision-making and corporate performance, and assist corporate transformation.

Fair Isaac Corporation Logo

Fair Isaac Corporation (FICO):

Fair Isaac Corporation is a data management system development company. It mainly provides enterprise automation and improvement services for companies in various industries, such as database improvement software, system automation, and credit scoring models to enterprise risk management systems. The customer base includes banks and credit card companies, insurance companies, retailers, telecommunications operators, medical institutions, pharmaceutical companies and government agencies.

FICO is the world’s leading predictive analysis and decision management company. It has helped 5000+ enterprises in more than 90 countries around the world make smarter decisions to achieve rapid growth, profitability and customer satisfaction. The company’s pioneering use of big data and mathematical algorithms to predict consumer behavior has brought a revolution to the entire industry.

FICO provides analytical software and tools used across multiple industries to manage risks, combat fraud, establish more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products are widely used throughout the industry. For example, FICO® Score has become the consumer credit risk measurement standard in the United States. FICO solutions utilize open source standards and cloud computing to maximize flexibility, speed up deployment and reduce costs. In addition, the company helps millions of people manage their personal credit status. FICO: Make every decision count™.

Since its establishment in 1956, FICO has successively launched a number of analytical solutions such as credit scoring, which has expanded the scope of credit available not only in the United States, but also around the world. We took the lead in developing and applying key technologies that support decision management. These include predictive analysis, business rule management and optimization. We use these technologies to help companies improve the accuracy, consistency and flexibility of their large number of complex decisions.

FICO has 25 offices all over the world and is a veritable global enterprise

FICO has established offices around the world to provide services to multiple industries including financial services, healthcare, insurance, automotive, public sector, retail, pharmaceuticals, telecommunications, tourism and hotels, media and entertainment, high-tech and utilities service.

Many Fortune 500 companies are FICO customers

FICO’s customers include more than half of the world’s top 100 banks, more than 600 personal and commercial insurance companies in North America and Europe (including the top 10 personal insurance companies in the United States), more than 400 retailers and general merchants. Including one-third of the top 100 retailers in the United States, 95 companies in the 100 largest financial institutions in the United States, and all 100 largest credit card issuers in the United States. Such as:

Standard Chartered Bank, Sprint , BMW , Dell, Citibank , General Motors , Santander , Wal-Mart, etc.

Case:

With the help of Blaze Advisor, Bank of China is able to fully explore the huge market opportunities in retail banking. The FICO® Blaze Advisor® system enables the bank’s consumer credit approval system to respond quickly and minimize the risks in the approval process. The FICO® Blaze Advisor® system can automate and manage massive operational decisions. This allows Bank of China to flexibly adjust its retail loan business strategy and apply it globally. The time and cost of development and maintenance of the new credit approval system have been reduced by 75%. Retail loan business is expected to grow by 150%.

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