You are using an ML model to screen credit applications. You are not aiming at minimizing the level of defaults, but are in fact trying to optimise your risk-return payoff. And you want to do it in a way compliant with the European Regulatory Framework, implying e.g.:
- No implicit or explicit discrimination on certain demographics
- Privacy respect / right to be forgotten
- Actionability of the model and overall integration in the risk management framework and governance
Working with Finalyse on your Model Validation Framework will allow you to leverage on the broad experience we have accumulated in the area of risk measurement and management, as well as on varied expert profiles brought together under a team.