The Korean Credit Bureau Uses DataRobot’s Automated Machine Learning to Build Better Credit Scoring Models

Dec 3, 2018 by Libby Botsford

Business competitiveness is enhanced through data scientist team’s productivity improvement; platform supports various use cases for Korea Credit Bureau

Seoul, Korea – December 4, 2018 – DataRobot, the creator of the automated machine learning category, has provided the Korea Credit Bureau (KCB) with an automated machine learning platform that enables faster and more accurate credit evaluation model development. KCB is a credit information company comprised of 18 major financial companies in Korea that built a new system for pre-emptive prevention and management to enhance financial stability.

KCB adopted DataRobot’s global leading automated machine learning solution in order to streamline the credit evaluation and prediction model development process and improve model accuracy.

The implementation supports the automation of all steps required to build machine learning models. These steps include data preparation and modification, algorithm selection, tuning and model performance comparison, as well as explanations of the prediction results, model deployment, and monitoring and management. DataRobot can identify the best algorithms in a click of a button and then ranks models based on training results, comparing predictions to actual results.

“DataRobot’s automated machine learning platform allows the global financial sector to analyze, manage, and prevent credit risk and market risk, and enhance investment stability for customers,” said Kim Hyung-tak, Country Manager of DataRobot, South Korea. “DataRobot will strengthen the integrated platform development for marketers, underwriters, financial analysts and other fintech professionals, and help enterprises to improve fraud detection and prevention.”

KCB’s automated machine learning platform implementation project was led by the domestic partner of DataRobot, Inobi Consulting Group. “In our effort to meet KCB’s needs to build accurate machine learning models related to credit information, we have provided customized consulting to assist in the process of incorporating DataRobot’s platform into KCB. With the combination of Inobi Consulting Group’s specialized expertise in software development and DataRobot’s advanced automation technology, we will continue to strengthen our support for enterprises in Korea to accelerate AI initiatives and add greater value to their own business.” said Kim Do-yoon, CEO of Inobi Consulting Group.

 

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About DataRobot

DataRobot offers an automated machine learning platform that empowers users of all skill levels to develop and deploy machine learning and AI faster. Incorporating a library of hundreds of the most powerful open source machine learning algorithms, the DataRobot platform encapsulates every best practice, every safeguard, and every run-time environment to automate data science while maximizing transparency, accuracy, and collaboration, delivering AI applications at scale. With offices across the globe, DataRobot is backed by $225 million in investment from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ. Leading brands including United Airlines, New York Life, LendingTree, Tableau, and hundreds of other customers are using DataRobot to accelerate AI success. For more information, visit www.datarobot.com.