Application of Machine Learning Algorithms to Credit Scoring

Pedro Fonseca, CEO & Head of Data Science @ James by CrowdProcess participates in Risk Roundup to discuss “Application of Machine Learning Algorithms to Credit Scoring”.


Is human intelligence still the most meaningful form of intelligence that can be effective in managing complex industry risks?

As the digital global age grow in scale and complexity, there is an increasing concern that manual business practices, that are driven largely by human intelligence, are no longer sufficient to effectively perform complex industry tasks on its own, in a timely and cost-effective manner; nor are they effective in managing complex interconnected and interdependent industry risks.

There are numerous reports emerging from across nations that machine learning has convincingly penetrated complex business processes across many industries. From credit lending to credit scoring, and robot control to remote sensing, thousands of machine learning applications have already been getting deeply embedded across complex business processes. These are just some examples and it is just the beginning.

As we take a step forward in our digital global age journey, entities across nations: its government, industries, organizations and academia (NGIOA) will surely need to go beyond basic tasks and processes like computing data and collecting metrics to developing more intelligent algorithms to strengthen some of the most important interconnected and interdependent operational, tactical and strategic technologies, processes and initiatives.

Independently and collectively, this will likely impact and change not only technology and processes; but also, business, management and governance models. Intelligent machines are here; and the question is whether, we the individuals and entities across NGIOA are prepared for what is to come…

So, what does all this mean?

It means that, if the decision makers across NGIOA are not thinking about Machine learning, Deep Learning and Intelligent Machines now, then they run the risk of their initiatives, products, services and businesses being undoubtedly disrupted in the coming years.

Time is now to talk about Risks!

For more please watch the Risk Roundup Webcast or hear Risk Roundup Podcast

About the Guest

Pedro Fonseca, is the CEO & Head of Data Science @ James by CrowdProcess. He is currently working on James, CrowdProcess’ flagship product in the Financial Industry, for the credit risk space. (

CrowdProcess is a data science company, in the credit risk space. It has recently been considered the Best European Fintech at the prestigious Money2020 conference, for its risk product: James. The company’s flagship product, James, is a software for risk departments to build in-house scoring models using machine learning. James combines advanced scientific computing and machine learning algorithms with a business-friendly interface, specifically designed for the risk officers of mid-tier banks and credit institutions. It allows risk officers to build, test and validate credit scoring models, and comes equipped with the best Machine Learning algorithms, techniques and validation methods.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

“Risk Roundup” is an “integrated strategic security risk dialogue” for nations: its government,  industries, organizations and academia (NGIOA) in cyberspace, geospace and space (CGS).Risk Roundup is released in both audio (Podcast) and video (Webcast) format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group
Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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