Tomas Sellden

Three Reasons Why AI Enables You to Find Better Borrowers

It is no secret that Artificial Intelligence (AI) improves credit underwriting - however, we often receive the question why AI improves credit underwriting. This blog post includes three reasons why AI outperform traditional credit underwriting (e.g scorecard) development. 1: Linear vs Non-Linear Models When using AI, you use non-linear models compared to linear models which

Two lessons learnt to take your AI from idea to production

Are you interested to start using artificial intelligence (AI) in your credit underwriting business? Here are two lessons that I have learnt, which might help you convince your organization to use AI. Artificial Intelligence improves credit scoring, the question is how much the impact will be on your business? It is no secret that AI

4 tips for establishing an automated risk management process 

When your organization transitions to machine learning credit underwriting technologies, it is very beneficial to use an automated risk management process. It will help your organization keep up with changes in the market, being able to explain your business to regulators and make your organization more efficient. So what should you think about when going

Evispot helps Ativo take smarter decisions and decrease the number of manual decisions

In the beginning of 2018 Ativo Finans integrated their IT-system to Evispot’s credit decision platform. Since integration Ativo Finans has used the platform to take smarter credit decisions and decrease the number of manual decisions.   "We would definitely recommend Evispot. From our very first interaction to onboarding, it's always been a great experience. It's an excellent

How AI improves credit underwriting

How Artificial Intelligence (AI) Improves Credit Underwriting How can you as a creditor increase your lending portfolio without adding risk? The answer is simple: Find the good borrowers which traditional credit scoring techniques oversees and rejects. And they do exist -  traditional methods, such as logistic regression, has a hard time accurately classifying some populations,

Evispot Traits – Transparent and Explainable Artificial Intelligence

It is no secret that Artificial Intelligence (AI) improves credit underwriting. It allows creditors taking advantage of the vastly more data and switching from point-in-time solutions to change-over-time solutions – resulting in credit models with higher accuracy than ever before. With a traditional, point-in-time, model is the applicant’s number of historical payment remarks calculated and

The Reason Artificial Intelligence is the Future of Lending

  Lending is built on trust Lending has always been highly driven by personal relationships and the face-to-face meetings – where trust is key to understand if and how a consumer will pay back his/her debt. The trust is traditionally based on a personal relationship between the applicant and the bank clerk – they have

join-our-family-as-a-software-engineer

Join our family as a Software Engineer As of today, we expect banks to provide all their services digitally, we expect to have the possibility to apply for a loan and know if we are granted a loan or not, within seconds, using our phones whenever it suits us. The traditional credit assessment processes won´t

We are hiring – Machine Learning Engineer

WE Evispot provides the financial industry with the decisions they need in the future – today. We do it by exploring artificial intelligence – because no human, neither configured software can handle the complexity of data that must be evaluated.   With 15 years of experience in the credit industry and a strong domain technology