AI Use Case

Automate credit risk profiling to support fundraising by small businesses through crowdfunding platform

Automate credit risk profiling to support fundraising by small businesses through crowdfunding platform (Funding Circle). This enables reduction in borrowing costs for eligible SMEs.

Function

Benefits

Risk reduction - Evaluate counter-party risk (eg credit scores),Revenue - Pricing optimisation

Case Studies

FSB~FSB saves loan application time for b2b lending using algorithms to match borrowers with lenders,Funding Circle~Funding Circle provides the only access to finance for 21% of its SME users SMEs by using machine learning in loan underwriting

Industry

Financial Services

Banking

Data Sets

Structured / Semi-structured

AI Technologies

Machine Learning (ML),Traditional AI,ML Task - Prediction - Regression,ML Task - Prediction - Binary Classification

Potential Vendors

Finpoint