Here are some highlights of finance ML automation benefits:
- Increased operational efficiency of the system
- Speedy approvals
- Reduced manual errors
- Reduced risks and frauds
For example, at ENFINT we develop and implement ML models for financial credit risk management. To meet global regulatory requirements, banks need to develop different models: probability of default (PD), loss given default (LGD) and macroeconomic adjustment. These models are designed to achieve IFRS9-compliant expected credit loss calculation. Learn more about our innovative solutions for finance and banking.