3 papers
cs.LG2026
Foundation Models for Credit Risk Prediction: A Game Changer?
Bart Baesens, Andreas Goethals, Stefan Lessmann +10
Predictive models play a pivotal role in credit risk management, guiding critical decisions through accurate estimation of default probabilities and losses. Extensive research has…
stat.AP2026
Detecting Consumers' Financial Vulnerability using Open Banking Data: Evidence from UK Payday Loans
Victor Medina-Olivares, Raffaella Calabrese
This paper examines whether repeated payday loan use, commonly known as the debt trap, harms borrowers' financial wellbeing. Using Open Banking data from 1,815 UK borrowers observe…
stat.AP2026
Semi-structured multi-state delinquency model for mortgage default
Victor Medina-Olivares, Wangzhen Xia, Stefan Lessmann +1
We propose a semi-structured discrete-time multi-state model to analyse mortgage delinquency transitions. This model combines an easy-to-understand structured additive predictor, w…