Loaning Mechanism through Automated Automatic Scoring System in Commercial Banks
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Open Access Journals Incorporations
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The article provides a detailed analysis of the introduction of credit scoring as a vital necessity in the world of economics, its scientific significance, mechanisms of application in practice and the existing problems in these mechanisms. The impact of automated credit scoring on economic development in different situations is also considered, and a mechanism for lending to businesses through an automated scoring system in banking practice is proposed.
Keywords
bank, banking system, business entity, automated scoring, credit scoring, scoring models, creditworthiness, credit rating