Sells banks two things: the FICO Score, licensed per score mostly through the credit bureaus, and decisioning software (FICO Platform, Falcon fraud, originations and account-management solutions) on multi-year subscriptions priced by accounts, transactions or use cases.
What is FICO, and which banks use it?
FICO (Fair Isaac, NYSE: FICO), founded in 1956 and based in Bozeman, Montana, sells banks the FICO Score and decisioning software: FICO Platform, Falcon fraud detection and origination tools, sold as multi-year subscriptions. Platform ARR grew 62% to $412.8 million by June 2026 while older software ARR fell 17%. Among our 100 banks, FICO names Santander US (machine-learning auto credit risk) and TD (fraud) as Platform users. Software pricing is not published; mortgage score prices are.
Category
Founded
1956
Headquarters
Bozeman, Montana, US
Ownership
Fair Isaac Corporation, listed on the New York Stock Exchange (NYSE: FICO); independent public company led by CEO William J. Lansing since January 2012.[1]
Deployment
SaaS or on-premises
Pricing
Software: multi-year subscriptions priced on usage (accounts, transactions or decision use cases), often with contracted minimums; not published. FICO Score for mortgages: published per-score and funded-loan fees · not published
Banks among the 100
2
- Fair Isaac Corporation was founded in 1956, is listed on the NYSE (FICO) and is based in Bozeman, Montana; it had 3,876 employees at June 30, 2026, and William J. Lansing has been CEO since January 2012.
- It has two segments: Scores (the FICO Score, sold mostly through Experian, TransUnion and Equifax) and Software (FICO Platform, Falcon fraud, originations, account management and optimization), sold as SaaS or on-premises.
- Software ARR was $815.8 million at June 30, 2026 (up 10%): Platform ARR rose 62% to $412.8 million, while non-platform ARR fell 17% to $403.0 million.
- Falcon models are trained on transaction data contributed by more than 10,000 institutions in the FICO Falcon Intelligence Network, according to FICO's 2025 annual report.
- In September 2025 FICO announced the FICO Focused Foundation Model for Financial Services, small domain-specific language and sequence models with 'Trust Scores' meant to limit generative-AI hallucinations.
- Among our 100 banks, FICO releases name the Santander US Auto business (machine-learning credit risk on FICO Platform, 2025) and TD (a North American fraud-detection platform built with FICO Platform, 2024) as customers.
- Mortgage score pricing is published and contested: $4.95 per Classic FICO score plus $33 per borrower on funded loans, or $0.99 plus $65 for FICO Score 10T, as Fannie Mae, Freddie Mac and the FHA began accepting VantageScore 4.0 in April 2026.
What does FICO sell to banks?
| Product | What it does | Status |
|---|---|---|
| FICO Platform[1] | Modular decisioning and analytics environment for data orchestration, machine-learning models, rules, optimization and simulation; the base for most FICO software. | Generally available |
| FICO Fraud Solutions (FICO Falcon Fraud Manager)[1][11] | Real-time neural-network fraud detection for payment cards, money transfers and application fraud, trained on consortium data from more than 10,000 institutions; some capabilities run on FICO Platform. | Generally available |
| FICO Originations Solution[1] | Application-to-decision credit origination software for banks, credit unions and other lenders, available on FICO Platform. | Generally available |
| FICO Strategy Director and FICO TRIAD Customer Manager[1] | Account-management decisioning for existing credit customers (limits, authorizations, collections); Strategy Director runs on FICO Platform and TRIAD is its off-platform predecessor. | Generally available |
| FICO Analytics Workbench, Decision Modeler and Decision Optimizer[1] | Tools on FICO Platform to build explainable machine-learning models, author decision rules and optimize actions such as credit-line and pricing decisions. | Generally available |
| FICO Focused Foundation Model for Financial Services (FLM and FSM)[6] | Domain-specific generative-AI language and transaction-sequence models with patent-pending Trust Scores that rank the reliability of each output, announced September 2025. | Announced |
| FICO Score (including FICO Score 10T)[1][11] | Consumer credit scores used as inputs to bank credit decisions; FICO Score 10T adds trended data and rental and utility payments. | Generally available |
How much does FICO cost?
How it is charged: Software: multi-year subscriptions priced on usage (accounts, transactions or decision use cases), often with contracted minimums; not published. FICO Score for mortgages: published per-score and funded-loan fees.
| Product | Plan | List price | Unit | Checked |
|---|---|---|---|---|
| FICO Score for mortgage, Mortgage Direct License Program (not the FICO Platform) | Classic FICO, performance model[14] | $4.95 per score plus $33 per borrower per score on funded loans | FICO royalty per score, via tri-merge resellers (FICO Score 10T included free) | Sep 24, 2026 |
| FICO Score for mortgage, Mortgage Direct License Program (not the FICO Platform) | FICO Score 10T only, performance model[14] | $0.99 per score plus $65 funded loan fee | FICO royalty per score, via tri-merge resellers | Sep 24, 2026 |
| FICO Score for mortgage, Mortgage Direct License Program (not the FICO Platform) | Classic FICO, per-score-only model[14] | $10 per score | per score, into tri-merge resellers | Sep 24, 2026 |
FICO Platform, Falcon and other decisioning software pricing is not published; FICO's 10-K says it typically sells software as multi-year subscriptions with payments based on usage metrics, often with contracted minimums. The only published prices are for FICO Scores used in mortgage origination under the Mortgage Direct License Program; other score prices are set through the credit bureaus, which may add their own mark-ups.
Which banks use FICO?
| Bank | What | Status |
|---|---|---|
| Santander US | Machine-learning credit risk analysis for the US auto business on FICO Platform[5] | In production |
| TD Bank (U.S.) | FICO Platform in the TD North American Fraud Detection Platform (a TD group platform covering its North American operations, including the US)[4] | In production |
Among the 100 largest US banks on this site, from sources that name the bank: the bank, FICO or the press. Status is the furthest stage a source confirms.
What is FICO Platform?
A modular analytic and decisioning environment, run as SaaS or on-premises, in which banks combine data, machine-learning models, business rules and optimization for origination, fraud, customer management and next-best-action decisions; FICO is moving substantially all of its software onto it, and Platform ARR reached $412.8 million (51% of software ARR) at June 30, 2026.[1][2]
What has FICO done, and when?
- Sep 23, 2026
IDC MarketScape Leader[13]
IDC names FICO a Leader in its 2026 worldwide decision intelligence platforms assessment, citing real-time profiling and agentic policy authoring.
- Aug 18, 2026
VantageScore gains a mortgage foothold[12]
American Banker reports VantageScore 4.0 was used on 4.4% of mortgages in July 2026, after Fannie Mae, Freddie Mac and the FHA began accepting it in April.
- Jul 29, 2026
- May 19, 2026
Bradesco scales payroll lending on FICO Platform[10]
Brazil's Bradesco reports scaling daily payroll loans from 8 to more than 700 using an eligibility engine built on FICO Platform.
- May 4, 2026
FICO Score 10T repriced for mortgages[9]
FICO offers FICO Score 10T at $0.99 per score with a $65 funding fee and publishes a Milliman study comparing it with VantageScore 4.0.
- Jan 29, 2026
Gartner Magic Quadrant Leader[8]
Gartner names FICO a Leader in its 2026 Magic Quadrant for Decision Intelligence Platforms.
- Oct 1, 2025
Mortgage Direct License Program[7]
FICO lets tri-merge resellers license FICO Scores directly, bypassing bureau mark-ups: $4.95 per score plus a $33 funded-loan fee, or $10 per score.
- Sep 23, 2025
Focused Foundation Model announced[6]
FICO announces the Focused Foundation Model for Financial Services, domain-specific language and sequence models with Trust Scores for generative-AI outputs.
- May 7, 2025
Santander US Auto moves credit risk to FICO Platform[5]
Santander's US auto business wins a FICO Decisions Award for machine-learning credit risk analysis built on FICO Platform.
- Apr 18, 2024
TD fraud platform built with FICO[4]
TD wins a FICO Decisions Award for its North American fraud-detection platform, developed with FICO and using FICO Platform for real-time fraud monitoring.
- Jan 1, 2012
Will Lansing becomes CEO[1]
William J. Lansing becomes chief executive officer in January 2012.
- Jan 1, 1992
Falcon Fraud Manager launched[11]
FICO introduces Falcon Fraud Manager, a neural-network payment fraud detection system.
- Jan 1, 1989
- Jan 1, 1956
What do banks use FICO for?
| Use | What it does | Status | Use case |
|---|---|---|---|
| Credit origination and machine-learning credit risk[5][1] | Banks run application decisioning and machine-learning credit-risk models on FICO Platform and the Originations Solution, as the Santander US Auto business does. | In production | Credit scoring & underwriting |
| Real-time payment and application fraud detection[4][1] | Falcon and FICO Platform score card, transfer and application activity in real time using consortium-trained models; TD built its North American fraud-detection platform with FICO. | In production | Fraud detection |
| Scoring thin-file consumers[1][11] | FICO Score XD, UltraFICO and FICO Score 10T use alternative data such as utility, phone, rental and bank-account data to score consumers with limited credit files. | In production | Fair lending & discrimination |
| Explainable machine-learning models[1] | FICO Analytics Workbench builds explainable machine-learning models for decisions subject to strict governance and regulatory oversight. | In production | Model risk management |
| Focused foundation models for financial services[6] | Small domain-specific language and transaction-sequence models with Trust Scores, aimed at compliance, communications and fraud analytics. | Announced | Generative & agentic AI |
What has FICO disclosed in numbers?
| Metric | Value | As of |
|---|---|---|
| FICO Platform ARR | $412.8 million, up 62% year over year (51% of software ARR)[2] | Jun 30, 2026 |
| Non-platform software ARR | $403.0 million, down 17% year over year[2] | Jun 30, 2026 |
| Software dollar-based net retention | 109% total; 148% platform, 82% non-platform[3] | Jun 30, 2026 |
| Quarterly revenue (Q3 fiscal 2026) | $674.2 million total, of which Scores $458.9 million (up 41%) and Software $215.3 million (up 2%)[3] | Jun 30, 2026 |
| Falcon Intelligence Network contributors | more than 10,000 institutions[1] | Sep 30, 2025 |
| VantageScore 4.0 share of mortgages (KBW, via American Banker) | 4.4% in July 2026[12] | Jul 31, 2026 |
“The decision layer is what turns a model's output into a governed action and keeps a record of why.”[13]
Nikhil Behl · President, FICO Software · Sep 23, 2026
“The focused foundation model represents a practitioner's approach to GenAI in financial services, moving beyond trying to refine universal knowledge models”[6]
Scott Zoldi · Chief Analytics Officer, FICO · Sep 23, 2025
“Today marks a turning point in how credit scores are delivered and priced across the mortgage industry”[7]
Will Lansing · Chief Executive Officer, FICO · Oct 1, 2025
Who runs FICO?
Which rules apply to a bank using FICO?
| Authority | Why it matters here | Documents |
|---|---|---|
| CFPB | When a bank declines credit using a FICO Score or a FICO Platform model, ECOA/Regulation B requires specific principal reasons and FCRA requires disclosure of the score and up to four key factors; FICO score reason codes feed those notices, but the bank owns their accuracy. | ECOA / Regulation B adverse action (15 U.S.C. 1691(d); 12 CFR 1002.9) FCRA adverse action and credit-score disclosures (15 U.S.C. 1681m, 1681g(f)) Regulation B final rule on disparate impact (April 2026) |
| Federal Reserve | FICO Scores, Falcon fraud models and machine-learning models built on FICO Platform are vendor models under SR 26-2; a bank must validate them and document their limitations even though FICO does not disclose full model internals. | SR 26-2 |
| OCC | A bank running origination or fraud decisions on FICO's SaaS platform takes on a critical third-party relationship under OCC Bulletin 2023-17, and the models it deploys there fall under OCC Bulletin 2026-13. | OCC Bulletin 2023-17 OCC Bulletin 2026-13 |
| Federal Housing Finance Agency | For mortgages sold to Fannie Mae and Freddie Mac, the FHFA sets which credit scores lenders may use; since April 2026 the GSEs accept VantageScore 4.0 alongside Classic FICO, which changes a bank's score choice and cost for conforming loans. |
Linked authorities have a page in the AI Regulation Tracker; the others are named for completeness.
What should a bank note before buying FICO?
Analysis by BankingNewsAI from the sources cited on this page. Observations, not advice or a recommendation.
01
Two different purchases
The FICO Score is licensed per score, mostly through the credit bureaus; FICO Platform, Falcon and origination software are separate multi-year subscriptions. Published prices cover only mortgage scores.
02
Older FICO software is shrinking
Non-platform software ARR fell 17% in the year to June 2026, with 82% net retention, while Platform ARR grew 62%. Banks on legacy products such as TRIAD or Blaze Advisor face a migration decision.
03
Named large-bank references are few
FICO says most leading banks use its solutions, but among the 100 largest US banks only the Santander US Auto business and TD are publicly named as FICO Platform users, both through FICO award releases.
04
Generative-AI models are recent
The Focused Foundation Model was announced in September 2025, and FICO's accuracy lifts for it (38% in compliance use cases, more than 35% in transaction analytics) are FICO's own figures.
05
Mortgage score competition changed in 2026
Fannie Mae, Freddie Mac and the FHA began accepting VantageScore 4.0 in April 2026; FICO responded by pricing FICO Score 10T at $0.99 per score plus a $65 funded-loan fee.
What are the alternatives to FICO?
Zest AI
AI credit underwriting for banks and credit unions, plus fraud detection (Zest Protect) and gen-AI lending intelligence (LuLu).
Provenir
Cloud decisioning platform for credit risk, fraud and identity, with a data marketplace, case management and AI models.
Scienaptic AI
AI credit-decisioning models and platform for consumer lending, mainly US credit unions, with fraud checks and an agentic AI layer (iCUE).
Taktile
Low-code decision engine and AI-agent platform for credit underwriting, onboarding, fraud and AML decisions at lenders and insurers.
How much does FICO Platform cost?
FICO does not publish prices for FICO Platform, Falcon or its other decisioning software. Its 10-K says it typically sells software as multi-year subscriptions with payments based on usage such as accounts, transactions or decision use cases, often with contracted minimums. The only prices FICO publishes are for mortgage credit scores under its Mortgage Direct License Program.
How much does a FICO Score cost for a mortgage?
Under FICO's Mortgage Direct License Program, a Classic FICO Score costs $4.95 per score plus a $33 per-borrower fee when the loan funds, or $10 per score under the per-score-only model. FICO Score 10T alone costs $0.99 per score plus a $65 funded-loan fee. Tri-merge resellers and credit bureaus add their own charges for credit report data.
Which banks use FICO Platform?
Among the 100 largest US banks tracked on this site, FICO has publicly named the Santander US Auto business, which uses FICO Platform for machine-learning credit risk analysis (2025), and TD, whose North American fraud-detection platform was built with FICO Platform (2024). FICO's other named Platform customers include Brazil's Bradesco, which scaled payroll lending on it in 2026.
Who owns FICO?
FICO is Fair Isaac Corporation, a public company listed on the New York Stock Exchange under the ticker FICO and headquartered in Bozeman, Montana. It was founded in 1956 by William Fair and Earl Isaac, and William J. Lansing has been chief executive since January 2012.
Does FICO offer generative AI for banks?
Yes. In September 2025 FICO announced the FICO Focused Foundation Model for Financial Services, made up of a Focused Language Model and a Focused Sequence Model. FICO says they are small, domain-specific models trained on curated financial-services data, with Trust Scores that rank the reliability of each output to limit hallucinations.
FICO vs Provenir: what is the difference?
Both sell decisioning platforms for credit and fraud. FICO is a public company that also owns the FICO Score and the Falcon fraud consortium of more than 10,000 institutions, and offers on-premises as well as SaaS deployment. Provenir is a private, founder-led company selling a cloud-native platform with a third-party data marketplace, mainly to mid-sized lenders and fintechs.
- Fair Isaac Corporation Form 10-K for the fiscal year ended September 30, 2025
- Fair Isaac Corporation Form 10-Q for the quarter ended June 30, 2026
- FICO Announces Earnings of $10.45 per Share for Third Quarter Fiscal 2026 (Form 8-K, Exhibit 99.1)
- TD Wins 2024 FICO Decisions Award for its Achievements in Fraud Management
- Santander US Auto Business Wins 2025 FICO Decisions Award for Machine Learning Credit Risk Analysis
- FICO® Focused Foundation Model for Financial Services Provides Superior Accuracy in Decisioning and Trust When Deploying GenAI
- FICO Launches Cost-Cutting Direct License Program for Mortgage Lending
- FICO Named a Leader in 2026 Gartner® Magic Quadrant™ for Decision Intelligence Platforms
- First-of-Its-Kind Independent Study Finds FICO® Score 10T the Most Predictive Credit Score for Mortgage Lending
- Bradesco Expands Payroll Loan Operations with FICO® Platform
- FICO Celebrates 70 Years of Innovation and Says “Hello, Future” to Applied Intelligence
- UWM, Rocket drive early VantageScore 4.0 adoption, others lag
- FICO Named a Leader in the 2026 IDC MarketScape for Worldwide Decision Intelligence Platforms
- FICO® Mortgage Direct License Program (undated page, retrieved 2026-09-24)
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