visimoney
TLDR:
- The digital economy has shifted decision-making to advanced models due to technology advancements.
- Machine learning models are crucial in the Fintech market for forecasting financial outcomes.
The article discusses the importance of Model Governance in machine learning for Fintech investments. It highlights the activities in the machine learning model, the importance of model governance in Fintech, high-frequency trading, credit scoring or underwriting process, and pricing in financial derivatives. The article emphasizes the need for a standardized and controlled mechanism to streamline machine learning processes in the Fintech industry. It discusses the challenges, benefits, and risks associated with machine learning models in financial data forecasting. The importance of real-time visibility, standards, and policies in monitoring model performance is crucial for accurate investment decisions in Fintech. The article concludes by highlighting the significance of an efficient model governance framework to ensure valuable assets and investment performance in the Fintech business.
