Archives for credit scoring
Typically financial institutions ask the credit bureau to furnish a credit score of an individual for deciding whether an applicant should be given a loan based on the applicant’s ability to repay it. This is typically calculated using the borrower’s credit history. There are many startups working on alternatives to design credit score models based…
The post Top Credit Scoring Startups In India That Use AI appeared first on Analytics India Magazine.
To understand the value of AI in credit risk assessment, Analytics India Magazine connected with Sandeep Anandampillai, founder and Chief Product Officer of Crediwatch. Artificial intelligence (AI), machine learning, and predictive analytics are reshaping the financial services landscape, enabling banks to analyse customers’ data better to provide them with loans efficiently. As part of this,…
The post How Crediwatch Aims To Solve India’s Credit Crunch With AI appeared first on Analytics India Magazine.
The customers of today’s’ era couldn’t be happier with the innovations in the fintech sector as getting a loan has never been easier. With technology getting infused in the finance sector, digital lending platforms have highly emerged as the most hassle-free and faster way for people to borrow money. SalaryDost, a consumer lending platform, is…
The post Case Study: How This Mumbai-Based Startup Uses Mobile Data To Assess Credit Scores appeared first on Analytics India Magazine.
India is a $280 billion consumer finance market and is the second-largest market after China. People with more than ₹10 lakh income per annum amount to 9% of India’s population who consume over 70% of the credit which is given out in the country. On the other hand, people who are making ₹1.4 lakh to…
The post How This Startup Is Using Data Science To Help The Next Billion Apply For Loans appeared first on Analytics India Magazine.
India is a $280 billion consumer finance market and is the second-largest market after China. People with more than ₹10 lakh income per annum amount to 9% of India’s population who consume over 70% of the credit which is given out in the country. On the other hand, people who are making ₹1.4 lakh to…
The post How This Startup Is Using Data Science To Help The Next Billion Apply For Loans appeared first on Analytics India Magazine.
IBM is launching a new tool which will check biases in algorithms and try to understand how and why they crept in, and how to mitigate them. Called AI Fairness 360 (AIF360), this product by IBM is a comprehensive open-source toolkit of metrics to check for unwanted bias in datasets, machine learning models, and state-of-the-art algorithms. […]
The post IBM Launches ‘AI Fairness 360’ To Detect Bias In Artificial Intelligence appeared first on Analytics India Magazine.