Giving Credit Where its Due: Machine Learning’s Role in Lending
Machine learning allows lenders to score credit risk for millions of people who may have had no FICO score before
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Machine learning allows lenders to score credit risk for millions of people who may have had no FICO score before
Banking has been around for 700+ years, and is the third most profitable sector in the economy. Financial intermediaries usually rely heavily on physical assesses and people. Is there a leaner way to do this? Lending Club says yes. The market's view is mixed. Read ahead to explore this topic.
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