Could synthetic data be the catalyst for the future of credit scoring?

Financial institutions operate in a highly regulated, data-sensitive environment. At the same time, these institutions are under pressure to modernize credit scoring models that balance fairness, accuracy and compliance. The challenge? Most financial institutions lack access to the volume and diversity of high-quality, privacy-safe data needed to fuel these models. [...]

Could synthetic data be the catalyst for the future of credit scoring? was published on SAS Voices by Seema Rathor