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.
Risk reduction - Evaluate counter-party risk (eg credit scores),Revenue - Pricing optimisation
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
Structured / Semi-structured
Machine Learning (ML),Traditional AI,ML Task - Prediction - Regression,ML Task - Prediction - Binary Classification