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Course Outline

AI in Credit Risk: Foundations and Opportunities

  • Contrasting traditional versus AI-powered credit risk models
  • Addressing challenges in credit evaluation: bias, explainability, and fairness
  • Examining real-world case studies in AI-driven lending

Data for Credit Scoring Models

  • Data sources: transactional, behavioural, and alternative data sets
  • Data cleaning and feature engineering for informed lending decisions
  • Managing class imbalance and data scarcity in risk prediction

Machine Learning for Credit Scoring

  • Core algorithms: logistic regression, decision trees, and random forests
  • Utilising gradient boosting (LightGBM, XGBoost) to enhance scoring accuracy
  • Techniques for model training, validation, and hyperparameter tuning

AI-Driven Lending Workflows

  • Automating borrower segmentation and loan risk assessment
  • Streamlining underwriting and approval processes with AI
  • Implementing dynamic pricing and interest rate optimisation using ML

Model Interpretability and Responsible AI

  • Explaining predictions using SHAP and LIME
  • Ensuring fairness in credit models: detecting and mitigating bias
  • Aligning with regulatory frameworks (e.g., ECOA, GDPR)

Generative AI in Lending Scenarios

  • Leveraging LLMs for application review and document analysis
  • Applying prompt engineering for enhanced borrower communication and insights
  • Generating synthetic data for robust model testing

Strategy and Governance for AI in Credit

  • Weighing the benefits of building internal AI capabilities versus adopting external solutions
  • Best practices for model lifecycle management and governance
  • Emerging trends: real-time credit scoring and open banking integration

Summary and Next Steps

Requirements

  • A foundational grasp of credit risk principles
  • Practical experience with data analysis or business intelligence tools
  • Basic familiarity with Python, or a readiness to learn fundamental syntax

Target Audience

  • Lending managers
  • Credit analysts
  • Fintech innovators
 14 Hours

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