Credit Scoring System

Deskripsi

The Credit Scoring System project aims to develop a reliable and accurate system for evaluating the creditworthiness of individuals and businesses. This system will assist financial institutions in making informed lending decisions by providing a credit score based on various data points. The project involves developing an algorithm, integrating with existing systems, and ensuring compliance with relevant regulations. In detail, 21.7 percent of debtors are high risk and 23.8 percent are low risk debtors. Compared to the end of last year, the number of high and very high risk debtors was 41.2 percent. In detail, high risk debtors are 12.2 percent and very high risk are 29 percent. Based on monitoring by Pefindo Credit Bureau, the increase in high and very high risk debtors began to appear in March, namely 42.4 percent. In detail, high risk debtors are 22 percent and very high risk are 20.4 percent. The figure rose again in April, namely 43.6 percent, including high risk debtors 22.4 percent and very high risk 21.2 percent. Then, this increase continued until May. If we dissect it by institution, he said that the distribution of high and very high risk debtors was largest among finance companies, namely 55.1 percent in May (CNN, 2020). Goal: To provide a reliable credit scoring system for financial institutions. Audience: Project stakeholders, including project managers, developers, financial analysts, and compliance officers.