The use of digitalization and technologies in updating credit policy
DOI:
https://doi.org/10.5281/zenodo.15279681Keywords:
credit policy, digitalization, risk management, artificial intelligence, fintech, credit scoring, big data.Abstract
In the context of rapid digital transformation, the modernization of credit policy has become an essential
requirement for financial institutions. This article examines the theoretical foundations and practical aspects of digitalization
in credit management, highlighting the role of innovative technologies such as artificial intelligence, big data analytics,
and blockchain in assessing creditworthiness and mitigating risks. The research methodology includes comparative
analysis and case studies from selected commercial banks implementing digital credit solutions. The results reveal that
the integration of digital technologies significantly enhances decision-making accuracy, speeds up loan processing, and
improves overall risk management. The article concludes by recommending strategic approaches for banks to adopt
technology-driven credit policy frameworks in alignment with global financial trends
References
Puschmann, T. (2017). Fintech. Business & Information Systems Engineering, 59(1), 69–76. https://doi.org/10.1007/
s12599-017-0464-6
Agarwal, R., & Zhang, J. (2020). Transforming through technology: Digital banking in emerging markets. Journal of
Financial Services Research, 57(3), 245–262.
Deloitte. (2023). Banking transformation insights: Rethinking the future of finance. Available at: https://www2.deloitte.
com
World Bank. (2022). Digital Financial Services: Challenges and Opportunities. Washington, DC: World Bank Group.
International Monetary Fund (IMF). (2021). Financial Stability and Digital Innovation. IMF Working Paper WP/21/45.
Washington, DC: IMF.
Basel Committee on Banking Supervision (BIS). (2021). Sound Practices: Implications of Fintech developments for
banks and bank supervisors. Basel: Bank for International Settlements.
Central Bank of Uzbekistan. (2023). Strategy for Digital Banking Development 2023–2026. Tashkent: CBU Publications.
Accenture. (2022). AI in Banking: Enhancing Credit Risk Management. Retrieved from: https://www.accenture.com
PwC. (2021). The Future of Banking: Innovation and Transformation in the Digital Age. Available at: https://www.pwc.
com
Uzbekistan Information Security Agency. (2024). Annual Report on Cybersecurity in the Financial Sector. Tashkent:
UISA.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 YASHIL IQTISODIYOT VA TARAQQIYOT
This work is licensed under a Creative Commons Attribution 4.0 International License.