“Microsoft said Wednesday that it is entering a strategic partnership with financial technology startup ZestFinance to make it easier for its financial services customers to adopt AI and machine learning tools. The answer we get with deep learning might be accurate, but in the case of credit applications, that isn’t enough.” What Zest does is…
Tag: Financial Services
AI for Credit Scoring – An Overview of Startups and Innovation
Below is a short 2-minute video demonstrating how LenddoEFL’s software works: “Several companies offer AI-based credit scoring applications to banks and enterprise creditors looking to better understand the risk associated with their potential borrowers. Traditional methods of credit scoring take into consideration the credit histories of potential borrows, but this might not allow certain people…
In The Age Of Algorithms, Will Banks Ever Graduate To True AI? – PYMNTS.com
“Data mining is not true AI (more about that in just a bit), but how it is used illustrates another important trend involving AI and ML: the correlation between a bank’s size and the sophistication of its learning systems, with larger banks typically using more sophisticated systems than smaller ones. When it comes to data…
When AI Technology Gets Up Close And Personal – PYMNTS.com (Karen Webster)
“What if cutting-edge technology — technology not yet in mainstream banking, but arguably headed there with firm speed — could replicate in a significant and meaningful way, the old reality of having a banker who not only has the time to deal with customers one on one, but knows them deeply as individuals? It seems counterintuitive,…