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Wednesday, February 22, 2017

Equifax Uses Deep Neural Machine Learning To Improve Credit Scoring | PYMNTS.com

"While artificial intelligence, machine learning and other futuristic-seeming technologies have been resigned to the likes of Apple, Google, Microsoft, Amazon and Facebook, traditional companies are also getting in the game, including Equifax and SAS." notes PYMNTS.

Photo: PYMNTS.com
According to a report, Equifax is using deep-learning tools to enhance its credit scoring system, and SAS is using deep learning to improve its data mining tools and provide deep learning APIs.
 
Photo: Peter Maynard
In an interview, Peter Maynard, senior vice president of global analytics at Equifax, said the company realized a few years ago that it wasn’t getting enough “statistical lift” from its traditional credit scoring methods and thus started to embrace advanced deep-learning technology...

“My team decided to challenge that and find a way to make neural nets interpretable,” said Maynard in the report. “We developed a mathematical proof that shows that we could generate a neural net solution that can be completely interpretable for regulatory purposes.
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Source: PYMNTS.com


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