FICO Celebrates Longstanding Software Partnership with Wells Fargo

FICO is recognizing its partnership with its first software customer, Wells Fargo, as part of FICO’s 70^th anniversary. 

The relationship dates back to the early 1970s, when Wells Fargo was the first bank to adopt a FICO credit scoring system for credit cards and the first user of FICO’s Automated Strategic Application Processing system. These technologies supported the automation of credit decisioning processes at a time when many institutions relied on manual workflows.

Over time, Wells Fargo has continued to incorporate FICO solutions across a range of businesses. Today, the bank uses these capabilities in areas including consumer lending and fraud prevention, supporting credit risk evaluation, account management, and fraud-detection processes.

“Wells Fargo’s commitment to innovation was evident more than 50 years ago when it embraced new technology at a pivotal time for the industry,” said Will Lansing, FICO CEO. “Our work together reflects a long history of collaboration between financial institutions and technology providers to advance operational processes and support customer needs.”

FICO: 70 Years of Innovation

Founded in 1956 by Bill Fair and Earl Isaac, FICO's 70-year history is a chronicle of innovations that created industries, defined standards, and changed lives, from credit scoring to fraud prevention to responsible AI. Learn more at www.fico.com/hello-future.