Tag : credit scoring

Artificial neural networks and credit risk modeling

In this blog post, our chief scientist Alexander Efremov PhD. is discussing the application of direct and recurrent artificial neural networks (ANN) in some methodologies for credit risk models.

Inputs of ANN could be the available individuals’ characteristics, like age, income, marital status, credit bureau data, etc. The outputs are the probability the applicants to have a good performance as loan-holders, the individuals’ response to some actions, etc.

5 FinTech Applications of Data Analytics

FinTech stands for Financial Technology. It is a common term used for companies offering added value or entirely new financial services via technology. Financial business is generating a huge amount of data also known as big data. This is where the point of intersection for Data Analytics and FinTech is located. We also have to keep in mind that FinTech covers a lot of financial business domains like asset management, insurance, lending, transferring money, to name a few.