Credit scoring: a review on support vector machines and metaheuristic approaches
Development of credit scoring models is important for fnancial institutions to identify defaulters and nondefaulters when making credit granting decisions. In recent years, artifcial intelligence (AI) techniques have shown successful performance in credit scoring. Support Vector Machines and metaheu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/81046/ http://psasir.upm.edu.my/id/eprint/81046/1/SCORING.pdf |
| _version_ | 1848859010384527360 |
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| author | Goh, Rui Ying Lee, Lai Soon |
| author_facet | Goh, Rui Ying Lee, Lai Soon |
| author_sort | Goh, Rui Ying |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Development of credit scoring models is important for fnancial institutions to identify defaulters and nondefaulters when making credit granting decisions. In recent years, artifcial intelligence (AI) techniques have shown successful performance in credit scoring. Support Vector Machines and metaheuristic approaches have constantly received attention from researchers in establishing new credit models. In this paper, two AI techniques are reviewed with detailed discussions on credit scoring models built from both
methods since 1997 to 2018. Te main discussions are based on two main aspects which are model type with issues addressed and assessment procedures. Ten, together with the compilation of past experiments results on common datasets, hybrid modelling is the state-of-the-art approach for both methods. Some possible research gaps for future research are identifed. |
| first_indexed | 2025-11-15T12:22:32Z |
| format | Article |
| id | upm-81046 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T12:22:32Z |
| publishDate | 2019 |
| publisher | Hindawi |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-810462020-10-14T21:01:31Z http://psasir.upm.edu.my/id/eprint/81046/ Credit scoring: a review on support vector machines and metaheuristic approaches Goh, Rui Ying Lee, Lai Soon Development of credit scoring models is important for fnancial institutions to identify defaulters and nondefaulters when making credit granting decisions. In recent years, artifcial intelligence (AI) techniques have shown successful performance in credit scoring. Support Vector Machines and metaheuristic approaches have constantly received attention from researchers in establishing new credit models. In this paper, two AI techniques are reviewed with detailed discussions on credit scoring models built from both methods since 1997 to 2018. Te main discussions are based on two main aspects which are model type with issues addressed and assessment procedures. Ten, together with the compilation of past experiments results on common datasets, hybrid modelling is the state-of-the-art approach for both methods. Some possible research gaps for future research are identifed. Hindawi 2019 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/81046/1/SCORING.pdf Goh, Rui Ying and Lee, Lai Soon (2019) Credit scoring: a review on support vector machines and metaheuristic approaches. Advances in Operations Research, 2019. art. no. 1974794. pp. 1-30. ISSN 1687-9147; ESSN: 1687-9155 https://www.hindawi.com/journals/aor/2019/1974794/ 10.1155/2019/1974794 |
| spellingShingle | Goh, Rui Ying Lee, Lai Soon Credit scoring: a review on support vector machines and metaheuristic approaches |
| title | Credit scoring: a review on support vector machines and metaheuristic approaches |
| title_full | Credit scoring: a review on support vector machines and metaheuristic approaches |
| title_fullStr | Credit scoring: a review on support vector machines and metaheuristic approaches |
| title_full_unstemmed | Credit scoring: a review on support vector machines and metaheuristic approaches |
| title_short | Credit scoring: a review on support vector machines and metaheuristic approaches |
| title_sort | credit scoring: a review on support vector machines and metaheuristic approaches |
| url | http://psasir.upm.edu.my/id/eprint/81046/ http://psasir.upm.edu.my/id/eprint/81046/ http://psasir.upm.edu.my/id/eprint/81046/ http://psasir.upm.edu.my/id/eprint/81046/1/SCORING.pdf |