Many of our customers have questions about what kinds of applications we can help them develop as a Fintech software development company . They are also interested in hearing suggestions for improving these apps. Machine learning is one technology that is reshaping the entire banking sector. How can Machine Learning be used to make credit score decisions? You bet it can. Predictive analytics is a major tool made possible by machine learning services for the banking and investment industries. It has huge implications for both decision-making and credit grading. The point is that before this, financial technology firms and banks employed rule-based credit scoring algorithms based on information like age, gender, occupation, etc. In contrast, modern credit rating systems are machine learning-based. They've advanced to the point where they can function in more delicate settings and make more informed judgments about people. Can Machine Learning reduce insurance risks as well? The a...