The share of non-banking financing options among small and medium sized-enterprises (SMEs) in the Netherlands has increased significantly over the past years. With this increase, the importance of up-to-date and efficient customer’s risk assessments is also rising. Such risk assessments can be performed in...

With Covid-19 financial institutions are once again at the center of attention. In sharp contrast with the great recession banks are now considered part of the solution. The Corona Monitor by the Nederlandse Vereniging voor Banken (NVB) shows that 26.500 commercial clients have been...

Financial institutions cannot simply accept every application for e.g. a mortgage loan or non-life insurance product. To avoid harmful commitments for both bank and client, acceptance is based on selection criteria, often with the help of mathematical models. In these processes, discrimination should be...

Machine learning and artificial intelligence are regularly in the news: from self-driving cars to clever algorithms that detect fraudulent transactions. However, within risk modelling machine learning has yet to make an impact. This is partly due to the strict regulations these models need to...