AI Solutions for Credit Scoring and Risk Management

Dharani Jaganathan, Vishnu Kumar Kaliappan, Dhanasekaran Pachiyannan, R. Dhivya, Gladys Gamariel

Abstract


AI solutions for credit scoring and risk management are transforming how financial institutions assess creditworthiness and manage risk. This paper examines the methodologies and technologies involved in developing AI-driven credit scoring systems, focusing on their applications in evaluating loan applications and managing portfolio risks. Through case studies, the paper highlights the benefits of using AI for credit scoring, including improved accuracy, faster processing times, and enhanced risk assessment. Additionally, challenges related to data privacy, algorithmic bias, and regulatory compliance are discussed.

Keywords


AI, credit scoring, risk management, finance.

References


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