Credit Assessment and Recommendation System (CARS) using Naive Bayesian Algorithm

With the increasing demand for credit services to fuel economic growth, traditional credit assessment methods, relying on outdated regulations and manual evaluations, hinder efficiency. The proposed Credit Assessment and Recommendation System aims to revolutionize this process by using a Naïve Bayes Classifier to swiftly and accurately determine credit eligibility. By analyzing customers' biographic, demographic, and historical data, the system can predict approval outcomes and provide actionable recommendations. This approach promises to streamline the credit application process, reduce risks associated with manual assessments, and achieve a prediction accuracy of 90%.

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Publication Details

Journal
Technologique
Published
2024-08-31
DOI
https://doi.org/10.62718/vmca.tech-gjtdsi.2.1.sc-0724-015
Primary Topic
Financial Distress and Bankruptcy Prediction
Type
article
Field-Weighted Citation Impact
0.00

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Credit Assessment and Recommendation System (CARS) using Naive Bayesian Algorithm

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Technologique
Financial Distress and Bankruptcy Prediction
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Credit Assessment and Recommendation System (CARS) using Naive Bayesian Algorithm

Aleta C. Fabregas, Victorino Farrales, Jonnifer Mandigma, Casielyn Capistrano, Severino Bedis
article en

Abstract

With the increasing demand for credit services to fuel economic growth, traditional credit assessment methods, relying on outdated regulations and manual evaluations, hinder efficiency. The proposed Credit Assessment and Recommendation System aims to revolutionize this process by using a Naïve Bayes Classifier to swiftly and accurately determine credit eligibility. By analyzing customers' biographic, demographic, and historical data, the system can predict approval outcomes and provide actionable recommendations. This approach promises to streamline the credit application process, reduce risks associated with manual assessments, and achieve a prediction accuracy of 90%.

TechnologiqueVol. 2(1)
University of the Philippines, Ministry of Science and ICT, South Korea
Decent work and economic growth
Openalex Percentile: Top 75%
Financial Distress and Bankruptcy Prediction
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