scholarly journals The Implementation of Credit Risk Scorecard Using Ontology Design Patterns and BCBS 239

2020 ◽  
Vol 20 (2) ◽  
pp. 93-104
Author(s):  
Jalil Elhassouni ◽  
Abderrahim El qadi ◽  
Yasser El madani El alami ◽  
Mohamed El haziti
Keyword(s):  
Credit Risk ◽  
Information And Communication Technologies ◽  
Financial Institutions ◽  
Design Patterns ◽  
Decisive Role ◽  
Credit Risk Management ◽  
Technology Infrastructure ◽  
Ontology Design ◽  
Information And Communication ◽  
The 2008 Financial Crisis

AbstractNowadays information and communication technologies are playing a decisive role in helping the financial institutions to deal with the management of credit risk. There have been significant advances in scorecard model for credit risk management. Practitioners and policy makers have invested in implementing and exploring a variety of new models individually. Coordinating and sharing information groups, however, achieved less progress. One of several causes of the 2008 financial crisis was in data architecture and information technology infrastructure. To remedy this problem the Basel Committee on Banking Supervision (BCBS) outlined a set of principles called BCBS 239. Using Ontology Design Patterns (ODPs) and BCBS 239, credit risk scorecard and applicant ontologies are proposed to improve the decision making process in credit loan. Both ontologies were validated, distributed in Ontology Web Language (OWL) files and checked in the test cases using SPARQL. Thus, making their (re)usability and expandability easier in financial institutions. These ontologies will also make sharing data more effective and less costly.

scholarly journals Modeling with ontologies design patterns: credit scorecard as a case study

2020 ◽  
Vol 17 (1) ◽  
pp. 429
Author(s):  
Jalil Elhassouni ◽  
Abderrahim El Qadi ◽  
Mehdi Bazzi ◽  
Mohamed El Haziti
Keyword(s):  
Credit Risk ◽  
Design Patterns ◽  
Domain Knowledge ◽  
Credit Scoring ◽  
Decision Making Process ◽  
Credit Risk Management ◽  
Scoring Model ◽  
Ontology Design ◽  
Credit Scoring Model

<span lang="EN-US">This paper proposes an ontological scorecard model for credit risk management. The purpose of credit scoring model is to reduce the possibility of potential losses with regard to issued loans. Loans are provided according to strict criteria which contain information about the client, loan structure, the purpose, repayment source and collateral. Several techniques have been used for credit risk assessment before granting a loan. Ontology design patterns is used here to enable the implementation of domain knowledge using the OWL rules and to improve the decision making process in credit monitoring. The modeling of our ontology will make the data publication simpler and graph structures intuitive, thus making its reusability and expandability easier.</span>

Intelligent System for Credit Risk Management in Financial Institutions

2019 ◽  
Vol 9 (2) ◽  
pp. 57-67
Author(s):  
Philip Sarfo-Manu ◽  
Gifty Siaw ◽  
Peter Appiahene
Keyword(s):  
Credit Risk ◽  
Financial Institutions ◽  
Intelligent System ◽  
Subjective Assessment ◽  
Bank Loan ◽  
Credit Risk Management ◽  
Tree Model ◽  
Assessment And Evaluation ◽  
Employment Sector ◽  
The Government

Credit crunch is an alarming challenge facing financial institutions in Ghana due to their inability to manage credit risk. Failure to manage credit risk may lead to customers defaulting and institutions becoming bankrupt, making it a major concern for financial institutions and the government. The assessment and evaluation of loan applications based on a loan officer's subjective assessment and human judgment is inefficient, inconsistent, non-uniform, and time consuming. Therefore, a knowledge discovery tool is required to help in decision making regarding the approval of loan application. The aim of this project is to develop an intelligent system based on a decision tree model to manage credit risk. Data was obtained from the bank loan histories. The data is comprised of four hundred observations with seven variables: client age, amount requested, dependents, collateral value, employment sector, employment type, and results. The results of study suggest that the proposed system can be used to predict client eligibility for loans with an accuracy rate of 70%.

Information and Communication Technologies for the Good Society

2011 ◽  
pp. 1709-1718
Author(s):  
Wolfgang Hofkirchner
Keyword(s):  
Climate Change ◽  
Information And Communication Technologies ◽  
Decisive Role ◽  
Communication Technologies ◽  
Good Society ◽  
Ethical Implications ◽  
Global Challenges ◽  
Raising Awareness ◽  
Information And Communication ◽  
Further Development

The appearance of notions of a “good society” does not come as a surprise, given the recent crises in the fields of economy, the financial markets, or the climate change. These notions play a decisive role in the context of implementing ICTs. This chapter contends that ICTs – like any technology – make sense in the context of normative visions only that make technology a means to an end. The vision of a good society must nowadays refer to the global challenges confronting the further development of societies. In doing so it identifies ICTs as facilitators of the advent of a Global Sustainable Information Society which makes ICTs meaningful or it classifies them as meaningless gadgets or even as detrimental for designing the future. It is Gunilla Bradley who can take credit for devoting her lifework to raising awareness of the impacts of ICTs on humans and the ethical implications of research in that field.

Impact of E-Government on Transparency and Corruption in Iran

2015 ◽  
pp. 75-94
Author(s):  
Esmaeil Shahsavandi ◽  
Ghassem Mayah ◽  
Hesamaddin Rahbari
Keyword(s):  
Public Sector ◽  
Information And Communication Technologies ◽  
Complete Solution ◽  
Communication Technologies ◽  
Exceptional Case ◽  
Successful Implementation ◽  
Technology Infrastructure ◽  
The Public ◽  
Information And Communication ◽  
Almost All

Iran also is not exceptional case in terms of E- government when applications have emerged rapidly almost all countries in glob to use E- government as an enabling tool to increase efficiency, enhance transparency, collect more revenue and facilitate public sector reform. Information and Communication Technologies (ICT) is transforming the governmental processes in serving citizens (G2C), businesses (G2B) and governments (G2G).Due to various economic, social and political limitations and pressures, most countries of the world has already began the implementation of e-government architecture in sectors where it seems more necessary and they focus their investments in these areas. Many works which find out on impact of E-government have shown that while E-government is not a remedy and magic to solve all problem, it is just a powerful enabling tool that has aided governments to achieve some of their development and administrative reform goals. Hence E-government is not a complete solution, but can be a catalyst for change E-government must be a part of broader commitment to reform the public sector. Since, sill is there some obstacle which we could categorize in three factors and all this factors are critical for the successful implementation of E-government. The first is willingness to reform, secondly, availability of information and communication technology infrastructure and finally the institutional capacity to absorb and manage change. So in this purpose we try to analyze the potential impact of E-government on transparency and corruption in Iranian society. Moreover, this article attempted to give details the extent to which corruption and transparency have been impacted in implemented on corruption in Iran. Enhancing transparency and reducing corruption are identified. Evidence shows that E-government has had a significant impact on broader government goals where political leadership and a commitment to reform have been present. In this work the authors try to distinguish the main obstacles such like legal, social and cultural and some other obstacles concerned.

scholarly journals Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks

2021 ◽  
Vol 16 (7) ◽  
pp. 2824-2842
Author(s):  
Rui Sun ◽  
Dayi He ◽  
Huilin Su
Keyword(s):  
Supply Chain ◽  
Credit Risk ◽  
Financial Institutions ◽  
Evolutionary Game ◽  
Decisive Role ◽  
Financial Risks ◽  
Factors Affecting ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Before And After

Because of the risks existing in supply chain finance, taking accounts receivable factoring business as the research object, this paper uses the evolutionary game method to analyzes the factors affecting the decision-making of the participants in supply chain finance, constructs an evolutionary game model between small and medium-sized enterprises and financial institutions, and analyzes the mechanism of blockchain to solve the financial risks of the supply chain by comparing the changes of evolutionary stability strategies before and after the introduction of blockchain technology. This paper aims to reduce financing risks by analyzing the mechanism of blockchain technology in supply chain finance. It is found that, firstly, blockchain technology can reduce the credit risk of financial institutions and solve financing problem. Credit risk plays a decisive role in whether financial institutions accept financing business decisions. Blockchain technology can reduce the operational risk of financial institutions and improve the business income of financial institutions. Secondly, the strict regulatory environment formed by blockchain technology makes the default behavior of small and medium-sized enterprises and core enterprises in a high-risk state at all times. No matter the profit distribution proportion that small and medium-sized enterprises can obtain through collusion, they will not choose to default, which effectively solves the paradox that small and medium-sized enterprises cannot obtain loans from financial institutions despite the increased probability of compliance. Then, the evolutionary game between financial institutions and small and medium-sized enterprises is balanced in that financial institutions accept business applications, small and medium-sized enterprises abide by the contract, and the convergence effect is better. Therefore, blockchain technology not only reduces the financing risk of financial institutions but also helps to solve the financing problems of small and medium-sized enterprises.

scholarly journals Credit Risk Management and the Performance of Financial Institutions in South Sudan

2020 ◽  
Vol 11 (11) ◽  
pp. 1919-1928
Author(s):  
Adire Simon Deng ◽  
Lucy Rono ◽  
Jane Sang
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Financial Institutions ◽  
South Sudan ◽  
Credit Risk Management

scholarly journals Prospects of Digital Currency in India - A Way Forward

2021 ◽  
Vol 11 (4) ◽  
pp. 5247-5266
Author(s):  
Viraja Bhat ◽  
Jeevan Nagarkar ◽  
Ayushi Singh
Keyword(s):  
Information And Communication Technologies ◽  
Financial Institutions ◽  
Banking Sector ◽  
Communication Technologies ◽  
Customer Expectations ◽  
Digital Currency ◽  
Recent Developments ◽  
Information And Communication ◽  
Speed Of Evolution ◽  
Cloud Technologies

The era of information and communication technologies has created many opportunities in every aspect. The field that has been benefitted the most from these recent developments in the financial and business sector. The scope and speed of evolution in technology, customer perception, and wide acceptance indicate that these technologies and disruptions will transform the finance and banking sector as we know it, providing both opportunities and challenges to financial institutions. Systems that have traditionally been used for savings, investments are not well suited given the scale and agility required for the digital age. Keeping in mind this array, financial institutions are responding with new digitization and innovation initiatives, using analytics, cloud technologies, and other new alternatives to respond to customer expectations. In a country like India, with a large economy and a despotic regime, the country shows decent economic growth even after having a complex system of arbitrary rules and regulations. Amidst all the growth, there is a huge scope of transforming the investment and lending patterns, with the help of technologies becoming more customer-centric and efficient. So, the technologies like blockchain are looking to drive innovation across various industries in India. In the era of blockchain, cryptocurrencies are the main part of it. They are said to be the most disruptive technologies in this area. This paper is an attempt to find the future of digital currency in India from the international experience.

NPA Management in India: In Search of a New Paradigm?

Paradigm ◽  
2005 ◽  
Vol 9 (2) ◽  
pp. 64-76
Author(s):  
Alok Pandey ◽  
Syamal K. Ghosh
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Financial Institutions ◽  
Management Practices ◽  
Banking Sector ◽  
Credit Derivatives ◽  
Credit Risk Management ◽  
New Paradigm ◽  
Management Techniques ◽  
Rapid Transformation

The banking & financial sector in India is undergoing rapid transformation Banks & financial institutions have amassed huge NPA's (Non-Performing Assets). This paper presents a comparative analysis of NPA management practices in several Asian countries and seeks to find out whether Indian institutions should emulate these. It also looks at several innovations in NPA and credit risk management techniques at banks & financial institutions in the last decade. This paper also analyzes the efficacy of credit derivatives as a tool for credit risk management and insolvency management in banking and financial institutions. It critically analyzes the evolution, growth and usage of these instruments since their introduction in the banking sector in India.

Information and Communication Technologies for the Good Society

2011 ◽  
pp. 434-444 ◽  
Author(s):  
Wolfgang Hofkirchner
Keyword(s):  
Climate Change ◽  
Information And Communication Technologies ◽  
Decisive Role ◽  
Communication Technologies ◽  
Good Society ◽  
Ethical Implications ◽  
Global Challenges ◽  
Raising Awareness ◽  
Information And Communication ◽  
Further Development

The appearance of notions of a “good society” does not come as a surprise, given the recent crises in the fields of economy, the financial markets, or the climate change. These notions play a decisive role in the context of implementing ICTs. This chapter contends that ICTs – like any technology – make sense in the context of normative visions only that make technology a means to an end. The vision of a good society must nowadays refer to the global challenges confronting the further development of societies. In doing so it identifies ICTs as facilitators of the advent of a Global Sustainable Information Society which makes ICTs meaningful or it classifies them as meaningless gadgets or even as detrimental for designing the future. It is Gunilla Bradley who can take credit for devoting her lifework to raising awareness of the impacts of ICTs on humans and the ethical implications of research in that field.

scholarly journals The Investment In Management Information Systems And Its Effect On The Efficiency In Public Organizations When Putting Into Practice The Alignment Function Of Information Technologies Governance

2011 ◽  
Vol 13 (2) ◽  
pp. 21
Author(s):  
Eduardo Javier Santillan Muniz
Keyword(s):  
Information And Communication Technologies ◽  
Balanced Scorecard ◽  
Information Technologies ◽  
Computer Software ◽  
Public Organizations ◽  
Exploratory Research ◽  
Systems Management ◽  
Public Enterprises ◽  
Technology Infrastructure ◽  
Information And Communication

In a globalized world, companies creating computer software (software) try to standardize problem solving for all kinds of organizations, whether public or private. While there are powerful tools for the analysis, design and implementation of systems management, some public enterprises acquire systems instead of creating them, with a costly and unproductive maintenance. The so-called Balanced Scorecard is used in this process, which measures systems management productivity through the Information Technology Infrastructure Library, making efficient investments in Information and Communication Technologies as a result. This paper is an exploratory research, which will review the degree of control over the systems that exists in public organizations in Mexico.

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