FICO Scores, Artificial Intelligence and Machine Learning

How are advances in artificial intelligence and machine learning changing credit risk assessment? That's a topic I'll be exploring in three presentations at FICO World 2018, April 16-19 in Miami Beach. These three presentations have a common thread: How FICO applies artificial intelligence and machine learning not as a "silver bullet" but carefully balanced with human domain expertise in the formulation of problems and models. FICO Scores are among the most scrutinized models in the world, so would you expect modern machine learning -- with its challenges around explainability -- to bring great benefits to FICO Score R&D and production? On Tuesday, April 17, 1:30-2:30, my colleague Ethan Dornhelm and I will show that machine learning offers tremendous efficiencies for research "in the lab". But in order to bring these efficiencies to the field in the form of a new international FICO Score, we benefitted from blending the latest machine learning algorithms with FICO's own explainable and palatable Scorecard development technology.