Multi-classification assessment of bank personal credit risk based on multi-source information fusion

Abstract

There have been many studies on machine learning and data mining algorithms to improve the effect of credit risk assessment. However, there are few methods that can meet its universal and efficient characteristics. This paper proposes a new multi-classification assessment model of personal credit risk based on the theory of information fusion (MIFCA) by using six machine learning algorithms. The MIFCA model can simultaneously integrate the advantages of multiple classifiers and reduce the interference of uncertain information. In order to verify the MIFCA model, dataset collected from a real data set of commercial bank in China. Experimental results show that MIFCA model has two outstanding points in various assessment criteria. One is that it has higher accuracy for multi-classification assessment, and the other is that it is suitable for various risk assessments and has universal applicability. In addition, the results of this research can also provide references for banks and other financial institutions to strengthen their risk prevention and control capabilities, improve their credit risk identification capabilities, and avoid financial losses.