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.