
Published at Monday, October 18, 2021 3:32 AM on the Finbots AI Solutions Pte Ltd organization's page
ZScore : Better Credit Decisions with AI
International Banker, in March 2021, said –
“Banks, big tech and fintech lenders will all agree that the lending system is broken throughout the world, largely because of legacy credit systems’ limitations. Legacy credit systems fail to identify and quantify risk properly because credit scores are calculated based on limited, predesignated data pools. This results in large market inefficiencies, causing millions of creditworthy individuals to not be served or pay too much to borrow money.”
This 2-minute video outlines how ZScore, an AI-powered Credit Scorecard System, helps financial institutions develop credit scorecards that overcome legacy expert-view & data biases in credit decisions, help foster financial inclusion, enter untapped credit markets, and deliver credit to ‘at-risk’ and financially excluded borrowers.