Management online lending risk with AI & CrowdProcess / James

Most timely update from the team at Lending Times on CrowdProcess, its flagship product “James” and its plans for US domination … guess who’s gonna lead that charge? 

James’ features include:

  • Scorecard: Traditional scorecards have been augmented with a random decision factor, gradient boosting, and neural networks.
  • Validate: It provides precautionary alerts according to the model`s metrics and access to data necessary for validation. James has an edge over other solutions in the market, which may not enable regulators to validate.
  • Deployment: James has superiority with regards to the timeline of deployment. The model can be run automatically or in conjunction with other models. So a 6-month integration time is essentially reduced to zero and the company can compare multiple models in parallel.
  • Monitoring: James monitors its own performance in real-time. The system not gives out early warnings and helps ensure data sets are used appropriately. When a material change occurs, the software is tweaked accordingly.

Source: Management online lending risk with AI | Lending Times