Continue with your mobile number
Explanation: Credit scoring models are essential in finance for assessing the likelihood of borrowers repaying loans. These models use customer data, such as income, credit history, and debt levels, to calculate a credit score. A robust scoring model helps financial institutions reduce credit risk by identifying high-risk applicants and optimizing loan approval processes. For instance, machine learning algorithms can improve the accuracy of these models, allowing lenders to make data-driven decisions while ensuring compliance with regulatory standards. This proactive approach minimizes loan defaults and enhances portfolio quality. Option A: While A/B testing can refine loan offers, it does not directly address credit risk or loan default probability. Option C: Supply chain logistics optimization is more relevant in manufacturing and operations than in finance. Option D: Customer service enhancements like chatbots improve user experience but do not directly mitigate credit risk. Option E: Real-time stock market visualization is crucial for investment decisions but unrelated to credit risk assessment.
‘Black Nose Disease’, recently seen in the news, is a rare symptom of which viral disease?
Which of the following tracks is not part of the G20 Summits?
Which company's manufacturing facility in Gurugram secured the top position in the 'Within the Fence' category and recently won the CII National Award f...
Which missile did DRDO successfully test-fire as a tactical ballistic missile?
Recently, in which national park ‘Genetic Rescue’ has been proposed to preserve the tiger population?
SmartFin, an end-to-end digital supply chain finance (SCF) platform, powered by Veefin Solutions has been launched that will help drive the required o...
In which year was the Insurance Regulatory and Development Authority of India (IRDAI) established?
What percentage of Haryana's total land area is under agriculture?
Who has been awarded the Sahitya Akademi Fellowship, 2024 for his contribution to literature over 50 years?
The Great Bath, a remarkable structure of the Indus Valley Civilization, was discovered at: