Credit Scorecard Explainability
From Open Risk Manual
Definition
Credit Scorecard Explainability refers to the ability of explaining / interpreting the results of an Automated Credit Decision Process that is using a Credit Scorecard. The requirements of explainability may be entrenched in law, or be necessary business requirements to satisfy internal management accountability or interaction with clients
Elements
Explainability may refer to a number :
- the reasonableness and motivation the overall outcome of the scorecard
- the role of individual model elements, e.g. characteristics (weight, sensitivity)
- the role of Risk Data in influencing the model outcome
- the role of any other aspects (e.g. calibrations)
