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Wednesday, January 6, 2016

After Winning at Chess, This Computer May Help Decide Loans


Heroz Inc. says it is adapting the computer program that recently defeated a professional player of shogi, the Japanese version of chess, for the financial industry. Experts say the computer programming required to defeat a shogi master is more complex than that required for conventional chess, as there are more potential moves and more complicated rules on the reuse of captured pieces. The Japanese startup hopes the lessons it has learned about recreating human judgment can be applied to crunching data for banks when determining whether borrowers are creditworthy, particularly when making mortgages. "There are times that computers can see as correct what humans perceive to be wrong," says Heroz CFO Daisuke Asahara. Tests performed by the company show that its computers can successfully crunch data on consumers' deposit and withdrawal information and from social networks to help banks make lending decisions, and Heroz is looking into whether its computer program can be applied to financial-market forecasting.

From "After Winning at Chess, This Computer May Help Decide Loans"
Bloomberg (01/03/16) Allan, Gareth; Ito, Komaki; Kawamoto, Shingo

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