According to McKinsey “the new, high-performance credit decisioning models allow banks to define lending (and capital) parameters more precisely and thus sharpen their ability to approve creditworthy customers and reject proposals from customers who either are not creditworthy or cannot afford further debt.” https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/designing-next-generation-credit-decisioning-models
Loquat platform uses AI and ML technologies to remove biases that exist within the financial industry.
Learn more how at: https://loquatinc.io/financial-institutions/
