The value of open banking data for application credit scoring: case study of a norwegian bank

HIGHLIGHTS

  • who: Lars Ole Hjelkrem and collaborators from the Department of International Business, Faculty of Economics, Norwegian University of Science and have published the research: The Value of Open Banking Data for Application Credit Scoring: Case Study of a Norwegian Bank, in the Journal: (JOURNAL)
  • what: The authors compare the performance of conventional application credit scoring models currently in use by a Norwegian bank with a deep learning model trained solely on transaction data available through Open Banking APIs. The authors evaluate the performance in terms of the AUC and Brier score and find that the . . .

     

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