Deep learning for credit scoring: Do or don't?

BR Gunnarsson, S Vanden Broucke, B Baesens… - European Journal of …, 2021 - Elsevier
Developing accurate analytical credit scoring models has become a major focus for financial
institutions. For this purpose, numerous classification algorithms have been proposed for …

Statistical and machine learning models in credit scoring: A systematic literature survey

X Dastile, T Celik, M Potsane - Applied Soft Computing, 2020 - Elsevier
In practice, as a well-known statistical method, the logistic regression model is used to
evaluate the credit-worthiness of borrowers due to its simplicity and transparency in …

Credit scoring with a feature selection approach based deep learning

VS Ha, HN Nguyen - MATEC web of conferences, 2016 - matec-conferences.org
In financial risk, credit risk management is one of the most important issues in financial
decision-making. Reliable credit scoring models are crucial for financial agencies to …

A deep learning approach for credit scoring using credit default swaps

C Luo, D Wu, D Wu - Engineering Applications of Artificial Intelligence, 2017 - Elsevier
Abstract After 2007–2008 crisis, it is clear that corporate credit scoring is becoming a key
role in credit risk management. In this paper, we investigate the performances of credit …

Deep learning vs. gradient boosting: Benchmarking state-of-the-art machine learning algorithms for credit scoring

M Schmitt - arXiv preprint arXiv:2205.10535, 2022 - arxiv.org
Artificial intelligence (AI) and machine learning (ML) have become vital to remain
competitive for financial services companies around the globe. The two models currently …

Credit scoring: a review on support vector machines and metaheuristic approaches

RY Goh, LS Lee - Advances in Operations Research, 2019 - Wiley Online Library
Development of credit scoring models is important for financial institutions to identify
defaulters and nondefaulters when making credit granting decisions. In recent years …

Benchmarking state-of-the-art classification algorithms for credit scoring: An update of research

S Lessmann, B Baesens, HV Seow… - European Journal of …, 2015 - Elsevier
Many years have passed since Baesens et al. published their benchmarking study of
classification algorithms in credit scoring [Baesens, B., Van Gestel, T., Viaene, S …

Making deep learning-based predictions for credit scoring explainable

X Dastile, T Celik - IEEE Access, 2021 - ieeexplore.ieee.org
Credit scoring has become an important risk management tool for money lending
institutions. Over the years, statistical and classical machine learning models have been the …

A comparison of data mining techniques for credit scoring in banking: A managerial perspective

H Ince, B Aktan - Journal of Business Economics and Management, 2009 - Taylor & Francis
Credit scoring is a very important task for lenders to evaluate the loan applications they
receive from consumers as well as for insurance companies, which use scoring systems …

A novel hybrid credit scoring model based on ensemble feature selection and multilayer ensemble classification

D Tripathi, DR Edla, R Cheruku… - Computational …, 2019 - Wiley Online Library
Credit scoring focuses on the development of empirical models to support the financial
decision‐making processes of financial institutions and credit industries. It makes use of …