The Information System of Credit Scoring

Abstract

The article is aimed at improving the scientific-methodical approach to the formation of the national credit scoring system, which, based on foreign experience, would take into view the features of activities of banking institutions in Ukraine. A generalization of researches has allowed to identify certain lacks of the available approaches to definition of credit scoring. It is proposed to consider credit scoring of a banking institution as an information system of interrelated elements (organizational structure, functional components, information database, and information technologies) and processes, from the phased analysis and integral assessment of the potential borrower to the decision as to provision (or rejection) of credit, formation of a package of relevant documents with subsequent support and forecasting the risks incluiding the failure to comply with credit obligations. The interrelationship between the elements of the information system of credit scoring allows to ensure the productivity and quality of work of the bank’s staff, improve the efficiency of managerial decisions on crediting, which will then optimize the volume of the credit portfolio while reducing costs.

Keywords

• banking institution
• credit scoring
• information system
• borrower
• analysis
• evaluation
• credit