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Improving credit scores for individuals and small businesses: implications for digital bank's credit risk

The rapid growth of digital banking has revolutionized the financial landscape globally, presenting novel opportunities and challenges for individuals and businesses alike. This study investigates the implications of improving credit scores for individuals and small businesses, particularly focusing...

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Main Author:	Yu, Zi Jun
Format:	Final Year Project / Dissertation / Thesis
Published:	2024
Subjects:	HC Economic History and Conditions HD Industries. Land use. Labor
Online Access:	http://eprints.utar.edu.my/6705/1/202310%2D33_FYP_YU_ZI_JUN_YU_ZI_JUN.pdf http://eprints.utar.edu.my/6705/
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id	my-utar-eprints.6705
record_format	eprints
spelling	my-utar-eprints.67052024-08-16T03:06:19Z Improving credit scores for individuals and small businesses: implications for digital bank's credit risk Yu, Zi Jun HC Economic History and Conditions HD Industries. Land use. Labor The rapid growth of digital banking has revolutionized the financial landscape globally, presenting novel opportunities and challenges for individuals and businesses alike. This study investigates the implications of improving credit scores for individuals and small businesses, particularly focusing on the context of digital banks' credit risk in Malaysia. The research methodology employs a descriptive approach, utilizing secondary data sourced primarily from Indian digital banking platforms, considering their emerging relevance to the Malaysian market. Challenges pertaining to data availability, quality, and applicability are identified, stemming from the nascent stage of digital banking in Malaysia and the cross�border nature of the data sources. Despite these limitations, the study endeavors to provide valuable insights into the relationship between borrowers' credit profiles and digital banking practices. Findings from exploratory factor analysis, Pearson correlation analysis, and descriptive statistics offer nuanced perspectives on the factors influencing credit scores and loan profiles in the digital banking domain. Theoretical implications underscore the evolving dynamics of credit assessment methodologies within the digital banking paradigm, while practical implications highlight the potential for enhancing risk management strategies and financial inclusion initiatives. Limitations inherent in the study, including data accessibility constraints and the need for further validation, are acknowledged, yet they do not diminish the significance of the findings. Instead, they serve as catalysts for future research endeavors aimed at unraveling the complexities of digital banking ecosystems and fostering sustainable financial practices. Through a comprehensive examination of credit scoring mechanisms and loan profiles, this study contributes to the broader discourse on digital finance and its transformative impact on financial services provision in emerging markets like Malaysia. 2024 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/6705/1/202310%2D33_FYP_YU_ZI_JUN_YU_ZI_JUN.pdf Yu, Zi Jun (2024) Improving credit scores for individuals and small businesses: implications for digital bank's credit risk. Final Year Project, UTAR. http://eprints.utar.edu.my/6705/
institution	Universiti Tunku Abdul Rahman
building	UTAR Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Tunku Abdul Rahman
content_source	UTAR Institutional Repository
url_provider	http://eprints.utar.edu.my
topic	HC Economic History and Conditions HD Industries. Land use. Labor
spellingShingle	HC Economic History and Conditions HD Industries. Land use. Labor Yu, Zi Jun Improving credit scores for individuals and small businesses: implications for digital bank's credit risk
description	The rapid growth of digital banking has revolutionized the financial landscape globally, presenting novel opportunities and challenges for individuals and businesses alike. This study investigates the implications of improving credit scores for individuals and small businesses, particularly focusing on the context of digital banks' credit risk in Malaysia. The research methodology employs a descriptive approach, utilizing secondary data sourced primarily from Indian digital banking platforms, considering their emerging relevance to the Malaysian market. Challenges pertaining to data availability, quality, and applicability are identified, stemming from the nascent stage of digital banking in Malaysia and the cross�border nature of the data sources. Despite these limitations, the study endeavors to provide valuable insights into the relationship between borrowers' credit profiles and digital banking practices. Findings from exploratory factor analysis, Pearson correlation analysis, and descriptive statistics offer nuanced perspectives on the factors influencing credit scores and loan profiles in the digital banking domain. Theoretical implications underscore the evolving dynamics of credit assessment methodologies within the digital banking paradigm, while practical implications highlight the potential for enhancing risk management strategies and financial inclusion initiatives. Limitations inherent in the study, including data accessibility constraints and the need for further validation, are acknowledged, yet they do not diminish the significance of the findings. Instead, they serve as catalysts for future research endeavors aimed at unraveling the complexities of digital banking ecosystems and fostering sustainable financial practices. Through a comprehensive examination of credit scoring mechanisms and loan profiles, this study contributes to the broader discourse on digital finance and its transformative impact on financial services provision in emerging markets like Malaysia.
format	Final Year Project / Dissertation / Thesis
author	Yu, Zi Jun
author_facet	Yu, Zi Jun
author_sort	Yu, Zi Jun
title	Improving credit scores for individuals and small businesses: implications for digital bank's credit risk
title_short	Improving credit scores for individuals and small businesses: implications for digital bank's credit risk
title_full	Improving credit scores for individuals and small businesses: implications for digital bank's credit risk
title_fullStr	Improving credit scores for individuals and small businesses: implications for digital bank's credit risk
title_full_unstemmed	Improving credit scores for individuals and small businesses: implications for digital bank's credit risk
title_sort	improving credit scores for individuals and small businesses: implications for digital bank's credit risk
publishDate	2024
url	http://eprints.utar.edu.my/6705/1/202310%2D33_FYP_YU_ZI_JUN_YU_ZI_JUN.pdf http://eprints.utar.edu.my/6705/
_version_	1809054510208778240
score	13.211869

Improving credit scores for individuals and small businesses: implications for digital bank's credit risk

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