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One of the more difficult tasks associated with corporate management is the evaluation of business risks. When firms decide to seek a little help along that line, there is an outfit in Minneapolis that gets a lot of calls.
Fair Isaac Corporation (NYSE: FIC) provides statistics-based predictive tools and services for the consumer credit and general financial industries. Leading products include decision management programs for marketing, account origination, customer management, fraud, collections, mortgage lending, and review of medical bills. The firm also develops FICO scores that are used to evaluate credit applicants and offers a variety of business strategy consultation services. Fair Isaac serves banks, credit reporting businesses, credit card processing concerns, insurers, retailers, healthcare companies and government agencies. Clients include American International Group (NYSE: AIG), Procter & Gamble (NYSE: PG) and Pfizer (NYSE: PFE).
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