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Read moreBuilding a Fraud Detection Model with H2O AI Cloud
In a previous article [1], we discussed how machine learning could be harnessed to mitigate fraud. This time, we’ll delve into a step-by-step guide on leveraging H2O AI Cloud to construct efficient fraud detection models. We’ll tackle this process in three critical stages: build, operate, and detect. First, we’ll utilize Driverless AI in ...
Read moreDemocratizing Lending through AI
According to the Federal Reserve , nearly 40% of adults in the U.S. sought credit in 2020, only slightly fewer than those who applied in the previous pre-pandemic year; among those who applied more than 1 in 10 were denied credit or were approved for less than they had sought. The reasons behind these denials are many, however, the same r...
Read moreThe Bond Market & AI: How MarketAxess Brings it All Together
The vast majority of the equities market trades electronically while the bond market is still in its infancy by comparison, but MarketAxess is seeking to change that. Recently, we hosted a virtual event with the MarketAxess team where they explained how they were solving challenges in the world’s largest bond marketplace while leveraging ...
Read moreLiqui.do Speeds Credit Scoring for Fair Lending with H2O.ai
Liqui.do is a technological and innovative company developing a platform for leasing equipment for small and medium enterprises. As part of its business to provide a variety of credit options for companies that want to finance capital purchases, Liqui.do needs to rapidly and accurately assess the credit risk and scoring of a customer in o...
Read moreAI in the Financial Industry: 8 Key Takeaways from the Bill.com + H2O.ai Fireside Chat
The current global pandemic crisis presents various challenges to businesses in all industries, including financial services institutions, who are monitoring and dealing with the effects of COVID-19 across the world. At a time of a pandemic, it is important that teams get together to share their insights and experience, with the goal of i...
Read more5 Key Elements to Detecting Fraud Quicker With AI
The number of transactions using electronic financial instruments has been increasing by about 23% year over year. The global COVID-19 pandemic has only accelerated that process. Electronic means have become the primary vehicle of how people purchase their goods. With this sudden increase in transactions, fraud detection systems are stres...
Read more5 Key Considerations for Machine Learning in Fair Lending
This month, we hosted a virtual panel with industry leaders and explainable AI experts from Discover, BLDS, and H2O.ai to discuss the considerations in using machine learning to expand access to credit fairly and transparently and the challenges of governance and regulatory compliance. The event was moderated by Sri Ambati, Founder and CE...
Read moreDetecting Money Laundering Networks Using H2O Driverless AI
Note: Dr. Ashrith Barthur (Principal Security Scientist, H2O.ai) and Sandip Sharma (Director of Solution Engineering, H2O.ai) will be speaking about solving money laundering and other real-world problems using machine learning at our upcoming webinar. You can grab a spot here. Artificial Intelligence has evolved from being a buzz word t...
Read moreUnderwrite.ai Transforms Credit Risk Decision-Making Using AI
Determining credit has been done by traditional techniques for decades. The challenge with traditional credit underwriting is that it doesn’t take into account all of the various aspects or features of an individual’s credit ability. Underwrite.ai, a new credit startup, saw this as an opportunity to apply machine learning and AI to impro...
Read moreWhat is Your AI Thinking? Part 3
In the past two posts we’ve learned a little about interpretable machine learning in general. In this post, we will focus on how to accomplish interpretable machine learning using H2O Driverless AI . To review, the past two posts discussed: Exploratory data analysis (EDA) Accurate and interpretable models Global explanations Local...
Read moreWhat is Your AI Thinking? Part 2
Explaining AI to the Business PersonWelcome to part 2 of our blog series: What is Your AI Thinking? We will explore some of the most promising testing methods for enhancing trust in AI and machine learning models and systems. We will also cover the best practice of model documentation from a business and regulatory standpoint.More Techniq...
Read moreWhat is Your AI Thinking? Part 1
Explaining AI to the Business PersonExplainable AI is in the news, and for good reason. Financial services companies have cited the ability to explain AI-based decisions as one of the critical roadblocks to further adoption of AI for their industry . Moreover, interpretability, fairness, and transparency of data-driven decision support sy...
Read moreArtificial Intelligence Is Already Deep Inside Your Wallet – Here’s How
Artificial intelligence (AI) is the key for financial service companies and banks to stay ahead of the ever-shifting digital landscape, especially given competition from Google , Apple , Facebook , Amazon and others moving strategically into fintech. AI startups are building data products that not only automate the ingestion of vast amou...
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