by Hongde H
The article I read for this week is about a new big data underwriting models that is introduced by ZestCash. The model helps analyze credit risk in an better accuracy that would allow the company to extend credit to 25 percent and increase repayment from customers by 20 percent.
According to what I read, ZestCash underwrites by combining Google-style machine learning techniques and data analysis, and traditional credit scoring. As a result, the company can offer credit to people who would be mistakenly turned away.