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
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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