PresentationMay2019 - Flipbook - Page 13
HISTORY
FICO was founded in 1956 as Fair Isaac
and Company by engineer William Fair
and mathematician Earl Isaac. The two
met while working at the Stanford
Research Institute in Menlo Park, CA.
Selling its first credit scoring system
two years after the company’s creation.
FICO pitched its system to fifty
American lenders.
FAIR IS
A
AND C
O M PA
AC
N Y, IN
C.