Credit Risk platform James has reportedly picked up $2.7m in a funding round led by angel investor Ga?l de Boissard.
Other investors included angel investor Henry Richotte and BiG Start Ventures, according to an article by FinSMEs.
The company uses machine learning to help banks combat?credit defaults and maintain risk management. Through the company AI it helps create predictive models and scorecards, gain pre-emptive alerts for model metrics and access to information needed for internal validation and regulatory compliance.
James also helps to deploy the predictive models and receive model performance reports showing discriminatory power, population stability and probability of default calibration.
Following the transaction Ga?l de Boissard will join James board of directors, the article said.
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