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FedIncome: Federated Learning for Income Estimation in Digital Lending Under Data Sovereignty Constraints

Amed, Sultan et al.
arXiv (All) · Papers
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machine-learningstatistical-finance
Verified income is often unavailable in digital loan applications, forcing lenders to rely on reported income and potentially leading to over-lending, overly conservative offers, or rejection of creditworthy applicants. Cross-institutional data-sharing constraints make this problem especially diffic
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