Credit Risk Assessment of P2P Lending Borrowers based on SVM
Wenjing Tao, Dan Chang
Available Online May 2019.
- https://doi.org/10.2991/bems-19.2019.33How to use a DOI?
- P2P Online lending; Credit risk; SVM; Parameter Optimization; Cuckoo Algorithm.
- With the development of Internet finance, peer to peer online (P2P) lending, which makes a win-win situation between lenders and borrowers, has become one of the most popular means of Internet finance in China. However, problem platforms and borrower default events have also occurred frequently with an explosive-speed growth of P2P online lending. Reducing credit risk of P2P lending borrowers still holds the key to the steady development of P2P online lending platforms. The results show that the SVM model based on cuckoo algorithm to optimize the parameter has a better classification accuracy. This model can be used to judge the potential credit risk of P2P lending borrowers and provides a theoretical basis for the risk management of Internet financial institutions at the same time.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Wenjing Tao AU - Dan Chang PY - 2019/05 DA - 2019/05 TI - Credit Risk Assessment of P2P Lending Borrowers based on SVM PB - Atlantis Press SP - 182 EP - 190 SN - 2352-5428 UR - https://doi.org/10.2991/bems-19.2019.33 DO - https://doi.org/10.2991/bems-19.2019.33 ID - Tao2019/05 ER -