Explainable ensemble technique for enhancing credit risk prediction

Pavitha Nooji, Shounak Sugave


Credit risk prediction is a critical task in financial institutions that can impact lending decisions and financial stability. While machine learning (ML) models have shown promise in accurately predicting credit risk, the complexity of these models often makes them difficult to interpret and explain. The paper proposes the explainable ensemble method to improve credit risk prediction while maintaining interpretability. In this study, an ensemble model is built by combining multiple base models that uses different ML algorithms. In addition, the model interpretation techniques to identify the most important features and visualize the model's decision-making process. Experimental results demonstrate that the proposed explainable ensemble model outperforms individual base models and achieves high accuracy with low loss. Additionally, the proposed model provides insights into the factors that contribute to credit risk, which can help financial institutions make more informed lending decisions. Overall, the study highlights the potential of explainable ensemble methods in enhancing credit risk prediction and promoting transparency and trust in financial decision-making.


Credit risk prediction; Ensemble methods; Explainable artificial intelligence; Interpretability; Machine learning; Transparency

Full Text:


DOI: http://doi.org/10.11591/ijai.v13.i1.pp917-924


  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

IAES International Journal of Artificial Intelligence (IJ-AI)
ISSN/e-ISSN 2089-4872/2252-8938 
This journal is published by the Institute of Advanced Engineering and Science (IAES) in collaboration with Intelektual Pustaka Media Utama (IPMU).

View IJAI Stats