Accurate credit risk assessment for online lender Harmoney

Application scenario:

•    Finding prediction characteristics with models to reduce the number of questions to be answered by applicants
•    Accurate credit risk assessment of applicants for interest rate determination

Challenges in traditional machine learning:

•    Frequent technical difficulties due to difficulties in model deployment, operation, and maintenance

Benefits:

•    Reduced the number of questions to be answered by applicants to raise the application rate
•    Lowered the bad debt rate through accurate risk assessment to increase lender profit
•    Accelerated model deployment for timelier prediction
•    Reduced IT staff workload with easier deployment, operation, and maintenance
 

Full report:Harmoney and DataRobot Drive Innovation in Australasia’s Personal Loan Market 

Reference: https://www.metaage.tech.tw/news/showcases/75