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Assaf Binstock

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Why 2019 is the Year to Move to AI-Based Credit Scoring Modeling

Posted by Assaf Binstock on Jan 24, 2019 10:18:16 AM

As we awaken to 2019, recent financial technology developments are signaling a new disruptive era in credit scoring. Modern credit processes and risk modeling platforms are leveling up with algorithm-based solutions that are using Artificial Intelligence (AI)  based innovations. Improved credit scores usage combined with data from alternative sources are offering deeper data insights, greater accuracy, and more financial transparency. In effect Machine Learning for credit risk models are closing an information gap between banks and consumers and opening opportunities for new consumer experiences.

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