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If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …

How to Build Credit Risk Models Using AI and Machine Learning

#artificialintelligenceJan-25-2022, 06:45:40 GMT

Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Given the excitement around AI today, this question is inevitable. While some new market entrants may have a vested interest in pushing AI solutions, the fact is that traditional scorecard methods and AI bring different advantages to credit risk modeling -- if you know how to use them together. Take, for example, our new credit decisioning solution, FICO Origination Solution, Powered by FICO Platform. It's designed to help lenders make faster origination decisions without increasing risk.

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Industry:

Banking & Finance > Credit (1.00)
Banking & Finance > Risk Management (0.89)

Technology:

Information Technology > Artificial Intelligence > Machine Learning (1.00)
Information Technology > Communications > Social Media (0.98)

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