How to use Machine Learning Models to predict Loan eligibility

Build predictive models to automate the process of targeting the right applicants.
Loans are the core business of banks. The main profit comes directly from the loan’s interest. The loan companies grant a loan after an intensive process of verification and validation. However, they still don’t have assurance if the applicant is able to repay the loan with no difficulties.

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EasySend raises $16 million to automate repetitive business processes

EasySend, a no-code automation platform provider focused on the financial industry, today announced it has raised $16 million. CEO Tal Daskal says the funds will enable the company to double its current staff, optimize product development, and expand its customer base.

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How to build a Machine Learning model to identify credit card fraud in 5 Steps

When starting a new modeling project, it is important to start with EDA in order to understand the dataset. In this case, the credit card fraud dataset from Kaggle contains 284,807 rows with 31 columns. This particular dataset contains no nulls, but note that this may not be the case when dealing with datasets in reality.

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Top emerging IoT trends business should look for in 2021

2020 has been a crucial year for IoT and as we are approaching 2021, the technology is considering as a business imperative. IoT is everywhere today, making an impact on how we work, talk and engage with others. Reports show that there will be 35 billion IoT devices installed worldwide by 2021 and 75.44 billion by 2025.

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Socure raises $35 million to combat identity fraud with AI

Cloud-based identity verification and fraud prevention startup Socure today closed a $35 million round. CEO Tom Thimot told VentureBeat the funds will bolster Socure’s R&D efforts and help it expand its customer base.

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Deep Dive: Legacy Banks and the infrastructure stumbling blocks keeping them from the cloud

An expanding number of challenger banks have eschewed the industry’s traditionally slow and steady innovation approach.
These banks are offering digital or mobile-only platforms powered by cutting-edge technologies like artificial intelligence (AI), biometrics and machine learning (ML) to fulfill users’ needs with greater speed and a little more flair.

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