Machine Learning for Credit Scoring Evaluation: a Survey

Author(s)	Baidyanath Sou
Country	India
Abstract	Financial Risk Management (FRM) is a critical component of any organization’s financial success. It helps to protect financial health and long-term growth by identifying and mitigating financial risk. As the risk analysis heavily depends on information-deriving decision making, Machine learning is a promising field for new methods and technologies. In recent decades we have seen increasing adoption of Machine Learning methods for various risk management tasks. Credit Scoring is one of the risk factors involving creditors inability to perform their contractual obligations. This research article examines several scientific literature articles and conference proceedings from reputed databased and found out machine learning methods are applied to predict credit scoring gave promising results than traditional statistical methods.
Keywords	Financial Risk, Credit Scoring, Machine Learning
Field	Computer
Published In	Volume 2, Issue 5, September-October 2020
Published On	2020-10-31
Cite This	Machine Learning for Credit Scoring Evaluation: a Survey - Baidyanath Sou - IJFMR Volume 2, Issue 5, September-October 2020. DOI 10.36948/ijfmr.2020.v02i05.10691
DOI	https://doi.org/10.36948/ijfmr.2020.v02i05.10691
Short DOI	https://doi.org/gtbtkz

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