About Fair Issac Corporation
The Fair Isaac Corporation is a public company offering decision management assistance and consulting services. It was established in 1956 by Bill Fair, an engineer, and Earl Isaac, a mathematician. The company is based in Minneapolis, Minnesota and has offices throughout North and South America, Europe, Asia, and Australia.
The FICO credit score was created around the 1960s to help evaluate the credit risk of individuals. While it has become the company’s trademark product, it is also used by major world banks, telecommunications companies, retailers, and card issuers with their retail management software.