ВЪЗМОЖНОСТИ ЗА ДИГИТАЛИЗАЦИЯ ПРИ ОЦЕНКА НА КРЕДИТОСПОСОБНОСТТА
OPPORTUNITIES FOR DIGITALIZATION OF THE CREDITWORTHINESS ASSESSMENT

Author(s): Dimitar Rafailov
Subject(s): Economy, Financial Markets
Published by: Икономически университет - Варна
Keywords: technology adoption; digitalization; creditworthiness; credit check
Summary/Abstract: Creditworthiness assessment is an important element of financial management not only for credit institutions but also for many other “players” in the financial and the real sector of economy. Digitalization has the potential to increase the efficiency of this process by improving the collection, processing and analysis of information about borrowers. In this respect, big data, artificial intelligence and cloud services make possible to work with unstructured data and take into account non-financial parameters, including related to digital "life" and the psychological characteristics of credit seekers. Since the use of new financial technologies has some drawbacks, digitalization does not completely eliminate the need for human intervention in assessing the borrowers‟ creditworthiness.

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