Technology’s increasing pervasiveness and the growing call for financial inclusion are driving a rapid transformation of the Indian lending sector. The crucial roles of credit scoring and risk assessment are at the center of this evolution. After relying primarily on credit bureau data for a long time, the industry is now adopting a new paradigm… Continue reading Credit Scoring and Risk Assessment in Digital Lending
Tag: credit scoring
Role of AI in Credit Scoring
Approximately 1.5 billion individuals globally lack access to banking or comparable financial services. For the rest of us, less than half of those with bank accounts are eligible for lending. More intelligent credit assessment methods are needed to increase banks’ loan-making capacity. Thus, AI-driven credit scoring models have emerged as a game changer, providing more… Continue reading Role of AI in Credit Scoring