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.
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.
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 scoringmethods 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. Read more...
Hello, my name is Helge Scherlund and I am the Education Editor and Online Educator of this personal weblog and the founder of eLearning • Computer-Mediated Communication Center.
I have an education in the teaching adults and adult learning from Roskilde University, with Computer-Mediated Communication (CMC) and Human Resource Development (HRD) as specially studied subjects. I am the author of several articles and publications about the use of decision support tools, e-learning and computer-mediated communication. I am a member of The Danish Mathematical Society (DMF), The Danish Society for Theoretical Statistics (DSTS) and an individual member of the European Mathematical Society (EMS). Note: Comments published here are purely my own and do not reflect those of my current or future employers or other organizations.
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