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Show Notes

(00:02:40) - (First question) - What attracted him to FICO as a business

(00:03:31) - An overview of their key products and the value they provide

(00:06:01) - How FICO collaborates and competes with credit bureaus

(00:11:23) - Their ability to sustain steady growth in a cyclical environment

(00:12:48) - How FICO's software offerings complement their credit score business

(00:14:13) - Who their competitors are

(00:23:16) - The potential competitive risks of emerging A.I. technology

(00:25:57) - Why the push for VantageScore in the mortgage industry created more competition for credit bureaus

(00:27:58) - The differences between their B2C and scores businesses

(00:30:38) - A breakdown of the software side of the business and its significance

(00:34:26) - All about FICO’s Falcon Fraud Manager and Triad Customer Manager

(00:39:20) - FICO’s capital-light business model in detail

(00:41:59) - The aspects of the business that investors often overlook or underestimate

(00:45:18) - Lessons learned from studying FICO