We’ve been helping the world’s biggest financial firms deploy explainable machine learning credit models. That same technology is now available to lenders of all sizes with ZAML Silver — machine learning underwriting for everyone.
credit risk improvement
average approval rate increase
average increase in overall yield
ML talent is expensive and hard to find/retain
No previous data science capability required
Implementing and developing ML models can take years
Go live in weeks, starting upon delivery of modeling data
Complexity of ML can create business, regulatory, and compliance challenges at each step
Automated model risk management and documentation enables you to deploy with confidence
You won’t need to buy specialized data or hire a small army of data scientists. ZAML Silver uses the data you already have to build and train a model – and then will deliver you a report assessing the potential impact on your business. And you’ll pay nothing until the model is put into production.
ZAML Silver’s plug-and-play implementation will not disrupt your IT roadmap. It’s so simple that it can be easily configured by your existing IT team. You can simply flip a switch on your LOS to go live.
ZAML Silver is built with model risk management in mind and provides comprehensive documentation. It also takes advantage of industry-leading explainability technology, so that you can have full confidence that your model is operating safely.
ZAML Silver eliminates your responsibility of managing the powerful and highly-reliable servers required to operate ML models. We do it for you. And because ZAML Silver is hosted in the cloud, it will comply with the latest encryption and security compliance standards.
ZAML Silver experts will be there to assist you at every step of the process – from the moment you start onboarding your data to when the model goes live. You’ll also have access to 24-hour support should any issues arise since we know your institution’s core business is on the line.
You’ll be asked to upload data from a number of common sources, including:
• Application data and outcomes data from your LOS and LMS
• RiskView Credit bureau data with full tradeline information
• Experian Clarity
ZAML Silver reduces IT complexity, strengthens resiliency, and provides an intuitive web-based interface. It also ensures you are embracing the latest data encryption and security standards.
Once your ZAML Silver model is put into production, a web service will produce an ML-based, credit decisioning score in less than a second. That score can be easily integrated with your LOS to approve new loans or assign pricing based on your credit policy. It will also provide you with accurate key factor reason codes such as those used for adverse action notices.
ZAML Silver continuously validates and tracks your model’s performance. You’ll receive both economic and risk assessments, including a model risk management (MRM) report, expected of your internal risk management and audit teams. All of this should give you confidence that your model is operating safely.
ZAML Silver’s monitoring dashboards show you the model is operating as expected, even as underlying applicant pools or market conditions change. ZAML Silver’s tools can detect subtle shifts that can significantly impact the model’s results and alert your team when a refit is recommended. Just like your initial model build, rebuild anytime for free.