Consumer Credit Scorecard
Score unsecured consumer credit applications and return a probability of default with the four principal reasons for the score.
- Status
- In operation
- State
- Deployed
- Owner
- Louis Wu
- Record completeness
- 56
100, less 12 for each open blocker and 4 for each warning. It measures the record, not the performance of the AI System.
The system is in operation while its record stands below the floor of 70. That contradiction is raised as blocker STATE-01.
- Blockers
- 3
Validation and change plan
The change a model may absorb without a fresh independent validation, and the triggers that force one.
SR 11-7 sections V and VI. DORA Article 11 change management.
- Description of model changes. State the scope of each planned modification on the controlled evolution tab. Open controlled evolution
- Data and re-estimation practices. State how data is managed and how the model is rebuilt when a change is made. Open controlled evolution
- Performance testing and challenger comparison. State the metrics, the test population and the acceptance criteria. Open controlled evolution
- Impact on capital, pricing and customers. Record the benefits, the risks introduced, the mitigations and the cumulative impact. Open controlled evolution
- Change boundary and reassessment triggers. Record the controlled evolution boundary for this AI System. Open controlled evolution
Description of model changes
Part 1
State the scope of each planned modification on the controlled evolution tab.
Data and re-estimation practices
Part 2
State how data is managed and how the model is rebuilt when a change is made.
Performance testing and challenger comparison
Part 3
State the metrics, the test population and the acceptance criteria.
Impact on capital, pricing and customers
Part 4
Record the benefits, the risks introduced, the mitigations and the cumulative impact.
Change boundary and reassessment triggers
Boundary
Record the controlled evolution boundary for this AI System.