One of the most prominent subjects which is widely adopted in fintech area is machine learning. One can analyze big data to classify and predict various objects using machine learning techniques. Especially, machine learning shows strong applicability in credit valuation. In this talk, we introduce some methods of machine learning and illustrate how to value credits.

LIBOR is one of the most important floating interest rates, since it is widely used as the underlying of the swap contract. Recently, however, there are some attempts to replace LIBOR with another benchmark rate due to some drawbacks of LIBOR. In this talk, we investigate the flaws of LIBOR and introduce overnight index swap(OIS) as an alternative.