Author: Tronserve admin
Friday 30th July 2021 05:39 AM
Nationwide Partners with AI Experts Jaywing For Digital Transformation
UK-based finance giant Nationwide has planned to partner with Jaywing, experts in AI and credit risk, as part of the business’ digital improvement journey.
Nationwide, the greatest building society in the UK, will work with Jaywing’s analytical team to discover the use of artificial intelligence for risk modelling. The company will study how machine learning can be used to application scoring.
Jaywing’s AI software, Archetype, will be used by Nationwide to make estimations with the goal of reducing bad debt and boosting recognition rates.
Nevan McBride, Risk Practice Director at Jaywing, added: “Across the whole credit lifecycle, from application and behavioural scoring through to debt range, we’ve seen Archetype create significant score improvements every time.”
It was found through the assessment process that Archetype could match up to other AI based techniques.
This article is originally posted on FinTech.com