Attempts to calculate the creditworthiness of individuals by AI (artificial intelligence) and to finance using it are expanding. This is called "AI score lending".
The meaning of AI doing loan screening, which is one of the most important tasks of banks, is quite large.
However, the question is whether Japanese financial institutions can handle big data. If it can not do it, it will repeat the failure of the past score lending.
Singapore's Lenddo is a service in emerging countries such as India, Vietnam, Indonesia, which have never had a history of credit.
Read full article