Logo

The Data Daily

Experian: Using Machine Learning And Big Data To Improve The Mortgage Application Process

Last updated: 04-15-2018

Read original article here

Experian: Using Machine Learning And Big Data To Improve The Mortgage Application Process

Credit reference agency Experian knows a lot about our money. The company has gathered approximately 3.6 petabytes of data on individuals all around the world, with data coming from marketing databases, transactional records and public information such as court records. That’s why banks and financial institutions turn to Experian to help them decide whether to lend to a mortgage applicant.

As in all areas of financial services, the way Experian works is being rapidly transformed by the technological advances being seen throughout the industry – and big data, artificial intelligence and machine learning is at the sharp end of this innovation.


Read the rest of this article here