Karus Cares About Your Finances
Karus, a financial technology startup, is going to be launching in Boise. The startup is using artificial intelligence (AI) to maximize efficiency in credit. Enhancing and increasing the data that’s available to lenders and loaners alike through machine learning will help determine the risks of loans and whether or not the risk is worth it. Karus points out that good credit scores don’t always mean that loans aren’t still a risk. Karus plans to set up their programs to present information like payment predictions, recovery rates, etc.
Karus is hoping that their data will help investors look past credit score and use the valuable information they have to offer to make loans and investments less risky. And by incorporating AI, they see this as a big opportunity to uniquely define their financial technology. They’ll use their AI to score each individual loan to give a bottom-up score rather than a top-down.
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