Model Performance Monitoring

OnDeck monitors the performance of automated small-business loan decisions against its underwriting standards.

Business impact

• funding decision time — The system can cut funding decision time from a few hours to under a minute.

Data requirements

• small business loan applications (tabular) — Application data feeds the decisioning process.
• verification data (tabular) — AI-enabled verification supports the automated decision.

AI methods and techniques

• machine learning — Supports automated final-decisioning for loan applications.
• ongoing model performance monitoring — Tracks automated decisions after deployment against existing underwriting standards.

Industries

Real-world evidence

10 documented case studies on record.

Companies using this: Airbnb, Bank of America, Morgan Stanley, P&G, Schneider Electric, ServiceNow, Shopify, Tesla, UBS, OnDeck.