The Horizons Tracker

NOVEMBER 26, 2021

It’s increasingly common for financial providers to use AI to produce credit risk scores, but research from Stanford University highlights how bad data can cause such systems to go astray. The post AI-Based Credit Risk Tools Can Be Ruined By Noisy Data first appeared on The Horizons Tracker.

Credit Risk 80

Credit Risk Credit Scoring Tools Credit Rating 80

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. The authors argue that these benefits could drive more people towards cashless payment systems. Assessing credit risk.

Credit Scoring 129

Credit Scoring Credit Risk Banking Business Model 129

Harvard Business Review

OCTOBER 24, 2018

Influenced by this community, Accenture Applied Intelligence* has developed a fairness tool to understand and address bias in both the data and the algorithmic models that are at the core of AI systems. The model falsely predicted that the person had low credit risk. How does the tool work?

Credit Risk 8

Credit Risk Tools Objective Ethics 8

Harvard Business Review

MARCH 31, 2017

If firms had previous experience with expert systems, they are familiar with some of the necessary organizational and process changes arising from contemporary cognitive tools. Gupta at American Express reminded us of the Authorizer’s Assistant, which was one of the more successful rule-based expert systems of the late 1980s.

Supply Chain 8

Supply Chain Technology System Early Adopters 8

Harvard Business Review

DECEMBER 7, 2010

He explained that his organization was highly functionalized with separate units for sales, trading, investing, portfolio management, credit, risk, and operations; some of which reported to him and some to the corporate center. She and her customers were basically told to get used to the delays.

Succession 14

Succession Credit Risk Operations Report 14

Harvard Business Review

AUGUST 24, 2016

We have a lot of newer businesses that come to us for credit and we need to do due diligence on them. So it’s an incredibly labor intensive process for us to verify whether they are a good credit risk.” ” Haller’s team was able to put together a prototype and present it to the client within 90 days.

Company 8

Company Team Due Diligence Banking 8

Harvard Business Review

OCTOBER 23, 2014

Think of the colleges that are increasingly able to identify students at risk of dropping out and intervene before they do. Or lenders’ enhanced abilities to gauge credit risk. Think of it as a 360-degree/24-7 support system. Energy, agriculture, insurance, retail, human resources — no industry is unaffected.

Health Care 8

Health Care Pharmaceuticals Information Technology Supply Chain 8