Credit: Google News
Human element: model managers must monitor evolving datasets
Banks’ rapid adoption of machine learning techniques to augment the modelling of everything from credit card approvals to suspicious transactions has left model managers scrambling to make sure their risk frameworks can accommodate them, senior executives are warning.
Banks hope models that make use of machine learning (ML) – a subset of artificial intelligence that relies on automation to create accurate predictions from large, dense datasets – can dramatically speed up manually intensive
Credit: Google News