Abstract

Financial Risk Management (FRM) is a critical component of any organization’s financial success. It helps to protect financial health and long-term growth by identifying and mitigating financial risk. As the risk analysis heavily depends on information-deriving decision making, Machine learning is a promising field for new methods and technologies. In recent decades we have seen increasing adoption of Machine Learning methods for various risk management tasks. Credit Scoring is one of the risk factors involving creditors inability to perform their contractual obligations. This research article examines several scientific literature articles and conference proceedings from reputed databased and found out machine learning methods are applied to predict credit scoring gave promising results than traditional statistical methods.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.