The Horizons Tracker

NOVEMBER 26, 2021

One’s credit score is often hugely important, with it very difficult to secure substantial loans, such as mortgages, without a healthy credit rating. The post AI-Based Credit Risk Tools Can Be Ruined By Noisy Data first appeared on The Horizons Tracker.

Credit Risk 73

Credit Risk Credit Scoring Tools Credit Rating 73

The Horizons Tracker

MARCH 9, 2022

The users of cashless payment systems can benefit from this approach by virtue of lower interest rates as they generally have a lower risk of defaulting. Assessing credit risk. The authors argue that these benefits could drive more people towards cashless payment systems.

Credit Scoring 113

Credit Scoring Credit Risk Banking Business Model 113

The Horizons Tracker

DECEMBER 22, 2022

“If you can think back to a time when banks had branches with local managers, it has been very well-documented that they are much better at assessing credit risks than people back in head office, for example,” the authors explain.

Motivation 104

Motivation Power Delegation Credit Risk 104

The Horizons Tracker

JUNE 2, 2020

The very act of diversifying trade patterns itself does not come without any risk, as transport costs are likely to grow, and companies are forced to operate in unfamiliar markets with unfamiliar bureaucracy. Add in currency and credit risks, and it’s by no means an easy pivot to make.

Supply Chain 83

Supply Chain Hedge Credit Risk Bureaucracy 83

Skip Prichard

AUGUST 2, 2019

Technology change is speeding business up and providing an edge for disruptive innovators. We believe good organization problem solving will increasingly utilize advances in artificial intelligence to predict patterns in consumer behavior, disease, credit risk, and other complex phenomena. But that isn’t the whole story.

Disaggregation 79

Disaggregation McKinsey Skills Gordon 79

Harvard Business Review

OCTOBER 24, 2018

” For example, if a person was deemed a low credit risk, granted a loan, and then defaulted on that loan that would be a false positive. The model falsely predicted that the person had low credit risk. And it needed to operate alongside existing data science workflows so the innovation process is not hindered.

Credit Risk 8

Credit Risk Tools Objective Ethics 8

Strategy Driven

MARCH 6, 2014

Most of these “affordable” loans were in fact sub-prime, “for persons with blemished or limited credit histories,” and “carry a higher rate of interest than prime loans to compensate for increased credit risk,” according to HUD.gov. But was it a new financial world?

Insurance 52

Insurance Banking Crisis Discount 52