AI Use Case
Analyse credit risk of individual customers
Determine the risk of a customer not being able to keep to repayment schedule.
Accounts Payable And Receivable
Cost - Fraud reduction,Risk reduction - Evaluate counter-party risk (eg credit scores)
Fair Isaac Corporation (FICO)~FICO reduces bank's losses on delinquent customers by up to 25% with machine learning that predicts consumer credit risk,Scotiabank~Scotiabank improves payment collections of credit card customers using deep learning
Structured / Semi-structured
Machine Learning (ML),Model Architecture - Deep Neural Networks,Model - Supervised Learning