• DocumentCode
    1750760
  • Title

    Credit scoring for billions of financing decisions

  • Author

    Nikravesh, Masoud

  • Author_Institution
    Dept. of Electr. Eng. & Comput. Sci., California Univ., Berkeley, CA, USA
  • Volume
    1
  • fYear
    2001
  • fDate
    25-28 July 2001
  • Firstpage
    191
  • Abstract
    When you apply for credit, whether it is for a new credit card, a car, a student loan, a mortgage, or financing, about forty pieces of information from your credit card report are fed into a statistical model. That model provides a numerical score designed to predict your risk as a borrower. We introduce fuzzy query and ranking as an alternative to predict the risk in an ever-changing world and an imprecise environment which includes subjective considerations for credit scoring. Fuzzy query and ranking is robust, provides better insight and a bigger picture, contains more intelligence about an underlying pattern in data and provides the ability of flexible querying and intelligent searching. This greater insight makes it easy for users to evaluate the results related to the stated criterion and make a decision faster with improved confidence. A fuzzy query is very useful for multiple criteria and when users want to vary each criterion independently with different degrees of confidence or weighting factor
  • Keywords
    financial data processing; fuzzy logic; fuzzy set theory; query processing; risk management; confidence factor; credit card report; credit scoring; flexible querying; fuzzy logic; fuzzy query; fuzzy ranking; fuzzy set theory; intelligent searching; multiple criteria; numerical score; risk management; statistical model; weighting factor; Aggregates; Costs; Credit cards; Fuzzy logic; History; Information analysis; Loans and mortgages; Numerical models; Predictive models; Statistical analysis;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    IFSA World Congress and 20th NAFIPS International Conference, 2001. Joint 9th
  • Conference_Location
    Vancouver, BC
  • Print_ISBN
    0-7803-7078-3
  • Type

    conf

  • DOI
    10.1109/NAFIPS.2001.944250
  • Filename
    944250