March 2021

3 things money lenders need to know about data for machine learning models

Hong Kong’s jobless rate rose to 7.0% in January to the highest level near 17 years. Although the government has eased social distancing measures from middle February, the damages of job market and local businesses will be likely to remain as it will take more time for business activities to recover. Global pandemic’s impact on the Hong Kong economy and lending industry has reinforced the urgent needs of digital transformation and move to AI. In the current environment, money lenders are not able to rely on credit scores that they have been using and they need a new way to assess credit risk more accurately. AI becomes widespread for lending […]