Excerpt from the Article:
Annually, lenders purchase more than 10 billion FICO scores, and about 30 million U.S. consumers accessed their scores on their own. FICO is an $800 million software company founded in 1956 and based in San Jose, Calif. Nearly 98 percent of credit-related decisions are made using FICO, but the company has diversified into providing a broader set of analytics tools. As FICO CIO Tony McGivern tells CIO Insight contributor, Peter High, his responsibilities have expanded from those that are traditional to the CIO to his service responsibilities for the FICO Analytic Cloud offering.
CIO Insight: Tony, 98 percent of credit-related decisions are made using FICO’s backbone, and yet many people probably do not know much about the company. Could you please provide an overview of FICO?
Tony McGivern: FICO, in addition to our well known Scores product, offers analytic software and tools that help organizations make smarter decisions. We’ve been around for nearly 60 years providing our products and services to customers in over 80 countries around the globe.
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