Inclusive, Responsible and Trusted

The honor of being the industry standard in credit scoring is won over time by holding key values as foundational. At FICO, we take this honor seriously and know it’s our responsibility to empower an inclusive lending ecosystem.

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Inclusive Innovation

Always push the bounds of financial inclusion innovation which is exactly what we have been doing for over 30 years to help empower lenders, consumers, communities, and economies around the world.
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Global Lender Adoption

Improve credit risk management, credit access, and transparency by proudly making the FICO® Score available in over 40 countries to date.
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Consumer Financial Wellness

Creating new avenues for consumer credit assessment accompanied by financial literacy resources are essential to consumer wellness empowerment.

FICO® Score aimed at helping Ukrainian refugees get access to credit

FICO partners with Ukrainian credit bureau to launch innovative credit score for Ukrainian refugees in Poland. FICO® Score, based on UBCH data, provides a credit score that Polish lenders can use to determine credit risk when offering credit to the roughly 2 million Ukrainian nationals who have relocated to Poland since the war began thanks to our alliance with Ukrainian Bureau of Credit Histories (UBCH) and Poland’s Biuro Informacji Kredytowej (BIK). Learn more about this new solution for Ukrainian refugees and our plans to expand to the more than 6 million displaced Ukrainians settling in Europe.
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Innovation timeline

 

Empowering lenders, consumers, and economies for over 30 years

Industry leading innovations offering a path to credit access for billions globally.

Empowering lenders

Introduced in 1989, the first broad-based consumer credit score, the FICO Score changed the lending landscape for good. Previously, there was no standard system based on credit bureau data, hence there was a lot of paperwork to get a credit card or loan. It took time to fill it out, and it took loan officers time to review it. Enter the FICO Score. It cut the wait time for credit from days to minutes - even seconds, and drove more objective, consistent, and accurate lending decisions. Fast forward to 2015, FICO developed FICO Score XD, a broad-based credit score utilizing alternative data to responsibly expand credit access followed by a rapid succession of additional alternative data scores and partnerships around the world.
November 04, 2024

How to Use Alternative Data in Credit Risk Analytics

Here is useful information on how to assess alternative data and combine it with so-called traditional data to improve credit risk analytics
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August 03, 2023

Today's “No Hit” Applicant May Be Tomorrow’s Profitable Long-Term Customer

Auto-declining applicants with no credit bureau file can be a missed financial inclusion opportunity
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June 23, 2023

Top 10 Reasons to Migrate to FICO® Score 10 T

Leveraging FICO’s heritage of scoring expertise, FICO® Score 10 T is built with trended credit data enabling a higher level of predictive power
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What's on the horizon?

Our research scientists are busy in the lab researching new and innovative data sources and analytic techniques to enable the next generation of FICO models to score more consumers, more accurately. Lenders, consumers, and investors can count on us to continue to be the trusted choice when it comes to financial inclusion and responsible credit scoring innovation – that’s who we are and what we are passionate about. Learn more about blending artificial intelligence, machine learning and domain expertise in the design of credit scores using augmented intelligence and machine learning in credit scoring.
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