Risk profiles of financial service portfolio for women segment using machine learning algorithms

Abstract

Typically, women are scored with a lower financial risk than men. However, the understanding of variables and indicators that lead to such results, are not fully understood. Furthermore, the stochastic nature of the data makes it difficult to generate a suitable profile to offer an adequate financial portfolio to the women segment. As the amount, variety, and speed of data increases, so too does the uncertainty inherent within, leading to a lack of confidence in the results. In this research, machine learning techniques are used for data analysis. In this way, faster, more accurate results are obtained than in traditional models (such as statistical models or linear programming) in addition to their scalability.