This blog post gives a brief introduction to using machine learning for default prediction and summarizes the results of our paper Grabit: Gradient tree-boosted Tobit models for default prediction, published in the Journal of Banking & Finance.

Predicting company defaults

Default prediction has been of major interest to both researchers and practitioners in…

How our machine learning model improves the user experience and reduces manual effort to a minimum.


At Advanon, we process large numbers of invoices every day. Automatically extracting relevant information from invoices in arbitrary formats is a challenging problem at which classical rule-based approaches often fail. In this article we explain how we developed a state-of-the-art machine learning model for this task that in many cases…

Christoph Hirnschall

Head of R&D at Advanon

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