How Deep Learning is Changing Corporate Finance Around the World

Global corporations face a difficult task in predicting credit ratings. In this case, Massaron employs deep learning techniques to forecast credit ratings for global corporations. Luca Massaron, Senior Data Scientist, Kaggle Master and Google Developer Expert on ML, spoke at the Deep Learning Devcon 2021, organised by The Association of Data Scientists, earlier this month. In his talk on "Deep Learning for Credit Rating", Massaron covered topics, such as how deep learning techniques may be used to forecast credit ratings for worldwide business organisations; obligations are compared to the most widely used traditional machine-learning approaches, such as linear models and tree-based classifiers. According to Massaron, in an article titled "An artificial intelligence approach to shadow rating," the study's objective was to demonstrate that neural networks may be a more effective technique for calibrating and predicting ratings than other modelling approaches currently used in the banking industry. Luca proceeded further by explaining the significance of credit ratings.