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Comment by nerdkid93 | Hacker News Reader

> deep learning team for Capital One

What!? Capital One has a deep learning team? As a long-time customer of theirs, I can't even begin to guess what that team might do for their set of products, except maybe to optimize their credit card offerings.

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Which company doesn't have a "deep learning" team. Not to be cynical but tons of companies that barely even know what it is have AI/ML teams because its the hot thing.

nah, it makes a lot of sense for capital one to have ML expertise, and they've been hiring for it for a long time.

Fraud, bankruptcy risk prediction, product marketing, possibly phone tree / voice response / customer service, would be my general suspicions based on some previous industry contacts, though no current insights.

Fraud detection?

My thoughts too. Fraud detection seems like the first step ML for a financial institution. Consumer banking basically labels itself. The customers will come telling you X transaction = fraud, with all the features available like time, location, amount, etc.

capital one are experts in underwriting subprime consumer debt and seems like they know how to evaluate risk for the most profitable credit products in the market. Won't be suprised if they use suite of ML/DL, although banking regulations discourage using black-box models for anything banking, and requires models to be explainable and free of possible biases.

Looks like a very interesting field to work as an applied ML/DL researcher (explainability, white-box vs black-box, bias, etc)

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