Company

Overview

Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions.  Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share.

Fair Isaac was founded in 1956 on the premise that data, used intelligently, can improve business decisions. Today, the company’s solutions, software and consulting services power more than 180 billion smarter business decisions each year for companies worldwide.

Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myfico.com Web site, consumers use the company’s FICO® scores, the standard measure of credit risk, to manage their financial health.

Fair Isaac creates analytic solutions that automate and improve decision strategies. These solutions include analytics such as predictive models and strategy optimization that guide decision strategies; data management and data analysis services that bring complete customer information to every decision; and decision management systems that implement decision strategies in a real-time environment for faster, more consistent and more accurate decisions. Fair Isaac also provides tools and services that help businesses develop and deploy their own systems for enterprise decision management.

Fair Isaac works with more than 5,000 businesses worldwide, and our technology serves thousands more through our partnerships. We serve global markets through offices in 12 countries.

Fair Isaac clients include:

  • Nine of the top 10 companies in the Fortune 500
  • Two-thirds of the top 100 banks in the world
  • 90 of the 100 largest financial institutions in the U.S., and all the 100 largest U.S. credit card issuers
  • More than 300 personal and commercial lines insurers in North America and Europe, including 9 of the top 10 US personal lines insurers
  • 100+ retailers and general merchandisers, including half of the top 50 U.S. retailers
  • 100+ telecommunications providers worldwide, including 7 of the top 10 global telecom providers 
  • 100+ government and public agencies
  • 150+ healthcare and life sciences companies, including 8 of the world's top 10 pharmaceuticals companies

Fair Isaac facts:

  • Fair Isaac was ranked as the worldwide revenue leader in the Business Rules Management Systems (BRMS) software market by IDC (Source: "Worldwide Business Rules Management Systems 2007-2011 Forecast and 2006 Vendor Shares," Doc # 208989, October 2007).
  • IDC ranked Fair Isaac #1 in Worldwide Services Operations and Workforce Analytics (Source: "Worldwide Supply Chain, Services Operations, and Workforce Analytic Applications 2006 Vendor Shares," Doc # 208116, August 2007).
  • Fair Isaac received the 2007 Technology of the Year Award for Best Business Rules Management System from InfoWorld magazine.
  • Intelligent Enterprise honored Fair Isaac with the 2006 Readers’ Choice Award for Best Business Rules Engine.
  • American Banker and Financial Insights named Fair Isaac to the FinTech 100 in 2007 and 2006, a list of the most important companies in financial services technology.
  • Fair Isaac’s FICO scores are the most used credit bureau scores in the world, with more than 100 billion scores sold to date. They are available through all of the major consumer reporting agencies in the United States and Canada: Equifax, Experian and TransUnion.
  • About 65% of the world’s credit cards are managed using Fair Isaac adaptive control systems
  • Fair Isaac fraud systems protect nearly 1 billion card accounts worldwide.
  • The top 10 US banks use Fair Isaac collections & recovery solutions.
  • Fair Isaac analytics are used in three out of four US mortgage originations, and more than half of US residential defaulted loans are serviced using Fair Isaac mortgage solutions.
  • Our myFICO® service has helped millions of people take control of their credit health. In partnership with US credit reporting agencies, we provide the only services that give consumers access to their FICO scores from all three main US credit reporting agencies.

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