Sponsor Since: June 1994
130 King Street West, Suite 1800
Toronto, Ontario
Canada, M5X 1E3

FICO, founded in 1956, got its start developing credit scorecards for US retailer Montgomery Ward to help the company offer lines of credit to its customers. From here, the FICO® Score, the standard measure of credit in the US, was born. Celebrating its 25th anniversary, the FICO® Score is used by more than 70,000 organizations to make more than 10 billion decisions annually.

From its experience using mathematics and analytics to automate credit decisions, FICO built a suite of risk management and customer engagement applications. The solutions utilize the analytics, decision strategies and process flows that FICO is well known for pioneering.

Over the years, FICO added a suite of analytic tools for modeling, decision rules, and optimization to further expand the ability of organizations to add analytic firepower to their businesses. With the Big Data explosion and the need for prescriptive analytics to make faster, more precise decisions, FICO introduced the FICO® Decision Management Suite to enable businesses to create their own decision management applications and models in the cloud (notably the FICO® Analytic Cloud) or on-premises, while leveraging their existing investments in other analytic tools. The Suite provides organizations with tremendous value in that it empowers business analysts and users to manage and govern decisions without IT or advanced analytic resource dependence typically required of these solutions.