Four Approaches to Explaining AI and Machine Learning

Advanced machine learning (ML) is a subset of AI that uses more data and sophisticated math to make better predictions and decisions. Banks and lenders could make a lot more money using ML on top of legacy credit scoring techniques to find better borrowers and reject more bad ones. But adoption of ML has been held back by the technology's "black-box" nature. ML models are exceedingly complex. You can't run a credit model safely or accurately if you can't explain its decisions.