Explore GEN family of websites, social media experiences, blogs and more.

Unleashing ideas.
Strengthening startups.

Back to search results
    Date submitted
  • 10-Jul-2018
    Categories
  • IT

GiniMachine

Abstract

GiniMachine is an AI-based credit scoring solution that blends machine learning algorithms and the lender’s historical data to build high-performing models.

With GiniMachine, any lender, risk manager or data scientist can build scoring, fraud, churn or marketing models, specific for certain customer groups (thin-files, Millennials), locations, etc.

Reduce future credit losses, measure risk with greater speed and sophistication, issue more loans and fight fraud.

Key benefits of the solution are:

1. Fast, fully autonomous and automated model building process. With a prepared dataset, it takes only 2-10 minutes to build and validate a scoring model.

2. High predictive power. Typically, up to 15 points of the Gini Index compared to traditional models based on logistic regression.

3. Ease of use - no special training is required to build a model.

4. Built-in evaluation and validation tools.

5. Ability to use unstructured and big data. Ability to handle imperfect and missing data.

Video

Additional Questions

Who is your customer?

All size lenders, banks.

What problem does this idea/product solve or what market need does it serve?

The problem we solve lies in the following: traditional credit scoring is limited, lengthy and error-prone. In particular, lenders today rely heavily on the information from credit bureaus, thus missing out a huge number of deserving customers. This happens because traditional scoring is still based on the statistical methods that were developed 60 years ago. However, increased competition and the advent of big data present new and significant opportunities & challenges. GiniMachine has been designed to address these challenges and better tailor your & your customers needs.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

At the heart of everything we do is a nonstop focus on our mission: to give every lender the power of AI and reduce financial stress. We fight bad loans with AI to protect both businesses and consumers from poor credit decisions.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Credit scoring that used to take weeks and required a team of data scientists and IT professionals now can be done within minutes and automatically. With GiniMachine you can create any number of models, easily maintain their accuracy, manage risk and gain greater customer insights.