Use the "Run" button to execute the code.
predicting Financial Distress of a bank customer
Banks play a crucial role in market economies. They decide who can get finance and on what terms and can make or break investment decisions. For markets and society to function, individuals and companies need access to credit.
Credit scoring algorithms, which make a guess at the probability of default, are the method banks use to determine whether or not a loan should be granted.
Financial distress is a condition in which a company or individual cannot generate sufficient revenues or income, making it unable to meet or pay its financial obligations. This is generally due to high fixed costs, a large degree of illiquid assets, or revenues sensitive to economic downturns.
This competition requires participants to improve on the state of the art in credit scoring, by predicting the probability that somebody will experience financial distress in the next two years.
!pip install jovian --upgrade --quiet