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The computer that won at Chess, might help you with your loans

The computer that won at Chess, might help you with your loans

The computer that won at Chess, might help you with your loans

Bengaluru, India | Red Newswire | Jan 6, 2015 Last Updated at 12:36 PM IST.

The computer that won at Chess, might help you with your loans
Professional shogi, or Japanese chess player, vs. a Heroz computer. Photographer: The Asahi Shimbun via Getty Images

A computer program defeated an expert Japanese Chess player, now its task is to decide whether or not you will be able to make your loan payments.

A small Japanese startup Heroz Inc.  has designed computer systems that are actually the first computers to defeat an expert Shogi (Japanese version of Chess) player. The engineers of the startup are now working on taking these systems to the financial industry applications.

Though in 1997, Deep Blue became the first computer to beat a professional chess player, Shogi is very much complex than conventional Chess. This is because Shogi has more potential moves and complicated rules on re-using the captured pieces.

There are 10 to the power of 120 moves in conventional Chess which is  very small when compared to Shogi’s 10 to the power of 220 possible moves!

The computer that won at Chess, might help you with your loans

The startup hopes that the human judgement lessons learned will help their computers in crunching bank data and decide if a customer is creditworthy.

Daisuke Asahara, Chief Financial Officer of Heroz said, “There are times that computers can see as correct what humans perceive to be wrong.”

He said that the tests have shown that the Heroz computers are successful in crunching huge amount of data on a customer’s withdrawal and deposit information. The startup is also collaborating with Nomura Holdings Inc. to see if the technology can be used for financial-market forecasting.

Takahiro Hayashi and Tomohiro Takahashi founded Heroz in 2009. The company presently has 70 employees and markets Shogi games for smartphones.

Source: Bloomberg

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