Using mathematical algorithms and Big Data, FICO helps businesses manage risk, fight fraud, optimize their operations, create profitable customer relations and adhere to government regulations. The flagship product of the company is their FICO Score, which has become a fixture of consumer lending not just in the United States, but around the world. Through this analytical tool, consumers are also able to manage their overall personal credit health.
It was in 1956 that the company was started by Bill Fair and Earl Isaac. Headquartered in San Jose, California, FICO has grown into a multi-million venture that continues to publicly trade on the New York Stock Exchange. It uses the ticker symbol FICO to market its common shares.