Press Release: Former FICO chief joins XOR Data Exchange as investor and board strategist


Larry Rosenberger adds major industry insight to FinTech startup

AUSTIN, Texas (Feb. 14, 2017) – Larry Rosenberger, former CEO of Fair Isaac Corporation (FICO) and current research fellow, has joined Austin-based Data as a Service (DaaS) provider XOR Data Exchange as an investor and board observer. Rosenberger’s experience and expertise in implementing data and analytical models for the financial services industry is expected to help the FinTech startup continue rapid growth, development and adoption of fraud risk models to protect consumers and businesses from identity theft and data misuse.

The addition comes as part of XOR’s latest funding round, a $2 million extension of its Series A investment, which closed at the start of February. In a press statement, XOR Founder and CEO Mike Cook stated the funding will be used to expand XOR’s fraud and credit risk models nationally. While the majority of the funding round was raised by existing Series A investors, new funds were contributed by Rosenberger and Chicago-based Corazon Capital.

“Larry’s investment in XOR, both in funding and in expertise, reflect on the potential of our technologies to revolutionize the financial services industry,” stated Cook. “His leadership at FICO changed the way banks and mortgage providers evaluate credit risk; and now his leadership at XOR will help do the same for fraud. I couldn’t be more excited to work with him.”

Rosenberger is well known across the FinTech and financial services industries for his leadership of FICO between 1991 and 1999, during which time FICO credit scores were made available to all three major U.S. credit reporting agencies and adopted as standards by Fannie Mae and Freddie Mac for mortgage lending evaluation. Those scores remain the gold standard in credit risk used by banks, lenders and service providers nationally and abroad. Since his tenure as CEO, Rosenberger led FICO’s research and development efforts for another eight-year stint before taking on his current role as research fellow.

On his strategic role with XOR, Rosenberger commented, “Mike and his team have created technologies that truly have the potential to reshape the fraud landscape for financial institutions and consumers. My career continues to focus on creating new ways to use data and domain expertise to improve decisions for both people and their providers. I’m excited to work with XOR to continue that innovation focus.”

In his new role as board observer, Rosenberger will lend guidance and expertise in the continued development of data-driven fraud and credit risk mitigation platforms. The startup’s technologies have introduced revolutionary approaches to fraud mitigation made possible by its unique data sharing model, which is designed to protect the privacy and security of consumers and businesses. As a result, XOR is currently under consideration for “Innovator of the Year” at the first annual LendIt Industry Awards. The startup will compete for top honors this March in New York City at LendIt, the world’s largest FinTech and lending trade event.

About XOR Data Exchange:

XOR Data Exchange deploys permission-based data exchanges to solve fraud and credit risk weaknesses currently plaguing consumers and small businesses across industries, while helping companies retain ownership and control of their data. Through patented platforms and leading security standards, XOR helps reduce risk and costs for the nation’s largest credit issuers, and protect the personal information of consumers and businesses around the world. For more information, visit


Previous articleA Collection of Attributes
Next articleIdentity management companies generated in $6B in acquisitions in 2016
Cameron D'Ambrosi is One World Identity's Director of News and Media, and host of the State of Identity podcast. Previously a Manager with Deloitte, Cameron has over 9 years of combined regulatory, consulting, and AML experience. An avid technologist and gourmand, Cameron lives in New York City with his girlfriend Lizzy. PGP Fingerprint: 0C49 0F9D 179E 263F 9FFE 5080 2198 F5B7 D4E5 391A