[comp.ai.neural-nets] Neural nets turning down loans

skipper@freja.diku.dk (Jakob Skipper) (12/17/89)

Do you now any bank, credit card company etc. using
neural nets (or computers in general) for deciding, whether
or not to give a loan?

Apparently, this is everyday business in USA, but over here
in Denmark it is just starting. I am working on a newspaper
article and I would like some references to companies who use
this and also admit, they do.

Please E-mail names and relevant case-stories to:

       skipper@diku.dk

Thanks a lot.

Jakob Skipper

muscarel@uicbert.eecs.uic.edu (12/26/89)

I am writing in response to your request for information on companies
using AI techniques to approve loans.  You can also add to your list
the insurance companies which are now using expert systems to approve
policies.

At the IJCAI, held in Detroit during August 1989, a number of vendors
presented demonstrations of their AI and expert system tools for business
uses.  Many of them listed their clients.  These included banks, insurance
companies, government agencies, and businesses of other kinds.

I don't now have a list of these clients, BUT i can give you the addresses 
of two of the expert system vendors.  They should be more than willing to 
supply you with information.  These are:

AICORP
100 Fifth Avenue
Waltham Massachusetts  02254-9156  USA
phone 617-890-8400
telex 989606
fax 617-890-4981

AICORP produces KBMS (Knowledge Base Management Tool) an object-oriented 
knowledge base development tool for large scale production applications. 
It runs on IBM mainframe and personal computers.  It uses expert system 
techniques and a natural language interface.

------------

Software Architecture and Engineering
1600 Wilson Boulevard, Suite 500
Arlington, Virginia 22209-2403 USA
Ms. Ricki Kleist in the USA at 703-276-7910

Mr. Seamus Ross at Software AE in Europe
Software Architecture and engineering, Inc.
3rd Floor, Berkshire House, Queen street
Maidenhead, Berkshire SL-1nf,  UK
phone +44-628-777688

Software AE has a product called KES.  It is widely used in various 
applications.  They send out all kinds of information listing clients and 
their uses.  I saw a recent bit about the U.S. Customs Service using KES to build an expert system for use in screening forms collected under the Bank 
Secrecy Act to identify targets for investigations.

Good luck.

-----------
Thomas Muscarello
department of electrical engineering and computer science
University of Illinois at Chicago
muscarel@uicbert.eecs.uic.edu

sharma@hpihoed.HP.COM (Sanjeev Sharma) (12/27/89)

Would you please copy me on any responses you get to the following posting:

>Do you now any bank, credit card company etc. using
>neural nets (or computers in general) for deciding, whether
>or not to give a loan?
>
>Apparently, this is everyday business in USA, but over here
>in Denmark it is just starting. I am working on a newspaper
>article and I would like some references to companies who use
>this and also admit, they do.
>
>Please E-mail names and relevant case-stories to:
>
       >skipper@diku.dk
>
>Thanks a lot.
>
>Jakob Skipper
>----------

Thanks.

Sanjeev

sharma@hpihoed.HP.COM (Sanjeev Sharma) (01/05/90)

Hello Jakob,

Thank you very much for your message. Yes, I will appreciate copies of
any other responses that you may receive.

Regards,

Sanjeev Sharma
sharma%hpda@hplabs.hp.com