FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in nearly 120 countries do everything from protecting 2.6 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and other countries, improving risk management, credit access and transparency.
Inclusive, Reliable, Proven
Leveraging traditional credit and new alternative data sources, FICO enables lenders worldwide to safely expand financial inclusion.
FICO credit scoring solutions provide a better understanding of credit risk in lending to consumers and businesses. The introduction of broad-based credit scores by FICO more than 30 years ago has transformed economic growth in the US and globally — making access to credit more efficient and objective while protecting the financial stability of lenders by enabling decisions that limit risk.
Learn more:
https://www.fico.com/en/solutions/consumer-credit-scores
https://www.fico.com/en/solutions/financial-inclusion-and-growth
Products and Services
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Experience credit scoring with improved predictive power, including trended data, without sacrificing the familiar FICO® Score user experience. FICO® Score 10 T is the credit score lenders know and trust with more power and flexibility than ever.
Looking for migration resources? Check out FICO’s Migration Resource Center: https://www.fico.com/en/ficoscore10
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The FICO® Resilience Index helps financial institutions discover and manage latent risk within their mortgage and other loan portfolios. Leveraging traditional consumer credit data, it is designed to rank-order consumers by their sensitivity to a future economic downturn. It offers a simple, powerful complement to the FICO Score for an array of use cases.
Learn more: https://www.fico.com/en/products/fico-resilience-index
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Lenders may now extend credit to millions of U.S. consumers who previously could not be scored due to insufficient or stale data in traditional credit bureau files. FICO® Score XD — developed in partnership with LexisNexis® Risk Solutions and Equifax® — leverages alternative data sources. It gives lenders a second opportunity to assess otherwise unscorable consumers. FICO Score XD is designed with precision and compliance in mind to enable lenders to safely extend credit to a largely unserved market using an accessible and familiar FICO® Score.
Learn more: https://www.fico.com/en/products/fico-score-xd
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FICO® Score Open Access is a program that enables financial institutions to drive loyalty, trust and customer satisfaction while addressing industry calls for greater credit score transparency and financial literacy. FICO® Score Open Access allows participants to share the FICO® Scores they use with their customers, with no additional score fee from FICO.
Learn more: https://www.fico.com/en/products/fico-score-open-access
