“Risk analysis: the power of forecasting – and the role of AI”

How predicting account histories with AI-based data analysis opens up new ways of analyzing risk, identifying potential and assessing creditworthiness. Dr. Christian Reichmayr (fino.digital) sorts out how AI-based account data analysis helps financial service providers to minimize risks.

A guest article in IT-Finanzmagazin by Dr. Christian Reichmayr, CPO fino.digital.

There should be no doubt that artificial intelligence is of particular interest to financial service providers. But how can the IT department of such a company promote acceptance of AI internally? Quite simply:

A good example is screening & forecasting, which is used to identify potential and risk or scoring for creditworthiness assessment, especially by banks and insurers. In connection with credit portfolios, these institutions ask themselves about the dimensions of external risks. An analysis can provide them with the answers – namely the analysis of customer accounts.