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King Financial Blog
WE ARE THE BUSINESS CREDIT EXPERTS!
WHAT IS FICO?
FICO is a business analytic software company and is based in San Jose, California. FICO was founded by Bill Fair and Earl Issac in 1956. Their FICO score has become the main credit score used to determine consumer credit risk.
FICO went public in 1986 and is traded on the New Your Stock Exchange under the ticker symbol FICO. The company debuted its first general-purpose FICO score in 1989. Scores are based on credit reports and range from 300 to 850. Lenders use the scores to gauge a potential borrower’s creditworthiness.
To grow as big as they are today, FICO has acquired many smaller companies along the way which include:
DynaMark was acquired in 1992
Risk Management Technologies was acquired in 1997
Prevision was acquired in 1997
Nykamp Consulting Group was acquired in 2001
HNC Software was acquired in 2002
NAREX was acquired in 2003
Diversified Healthcare Services was acquired in 2003
Seurat was acquired in 2003
London Bridge Software was acquired in 2004
Braun Consulting was acquired in 2004
RulesPower was acquired in 2005
Dash Optimization was acquired in 2008
Entiera was acquired in 2012
Adeptra was acquired in 2012
CR Software was acquired in 2012
Infoglide was acquired in 2013
InfoCentricity was acquired in 2014
Karmasphere was acquired in 2014
FICO Services are:

Customer acquisition analytics

Debt management and collection analytics

Fraud and security analytics

Risk analysis scoring
