By Emily Reynolds

There is lots of talk about machine learning at the moment, says Alexander Graubner-Müller. AI can write songs, compose novels and even beat the world champion at Go – and machine learning can even help with financial services.

Consumer credit is one of these areas, says Graubner-Müller, who cofounded Kreditech in 2012. There are two classes of consumer credit, he says – people with no access to credit and people with access to credit. One is middle class, well-employed and has a strong credit history. The other has more flexible employment situations, for example, and is underserved by traditional financial institutions.

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