{"id":"https://openalex.org/W4399320893","doi":"https://doi.org/10.47604/ijmrm.2641","title":"Influence of Artificial Intelligence on Credit Risk Assessment in Banking Sector","display_name":"Influence of Artificial Intelligence on Credit Risk Assessment in Banking Sector","publication_year":2024,"publication_date":"2024-06-04","ids":{"openalex":"https://openalex.org/W4399320893","doi":"https://doi.org/10.47604/ijmrm.2641"},"language":"en","primary_location":{"id":"doi:10.47604/ijmrm.2641","doi":"https://doi.org/10.47604/ijmrm.2641","is_oa":true,"landing_page_url":"https://doi.org/10.47604/ijmrm.2641","pdf_url":null,"source":{"id":"https://openalex.org/S4387997697","display_name":"International Journal of Modern Risk Management","issn_l":"3005-4559","issn":["3005-4559"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Modern Risk Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.47604/ijmrm.2641","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058772165","display_name":"Michael Brown","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Michael Brown","raw_affiliation_strings":["Oxford University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Oxford University","institution_ids":["https://openalex.org/I40120149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5058772165"],"corresponding_institution_ids":["https://openalex.org/I40120149"],"apc_list":null,"apc_paid":null,"fwci":17.9262,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.9904082,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"2","issue":"1","first_page":"24","last_page":"33"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.9214000105857849,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.9214000105857849,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.02070000022649765,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.007799999788403511,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"artificial intelligence","score":0.9860000014305115},{"id":"https://openalex.org/keywords/credit-risk-assessment","display_name":"credit risk assessment","score":1.0},{"id":"https://openalex.org/keywords/banking","display_name":"banking sector","score":0.8410000205039978},{"id":"https://openalex.org/keywords/explainable-ai","display_name":"explainable AI","score":0.8809999823570251},{"id":"https://openalex.org/keywords/loan-default-prediction","display_name":"loan default prediction","score":0.6449999809265137},{"id":"https://openalex.org/keywords/algorithmic-bias","display_name":"algorithmic bias","score":0.7429999709129333},{"id":"https://openalex.org/keywords/ai-regulation","display_name":"AI regulation","score":0.6240000128746033},{"id":"https://openalex.org/keywords/hybrid-human-ai-decision-making","display_name":"hybrid human-AI decision-making","score":0.7770000100135803},{"id":"https://openalex.org/keywords/technology-acceptance-model","display_name":"technology acceptance model","score":0.7099999785423279},{"id":"https://openalex.org/keywords/behavioral-economics","display_name":"behavioral economics","score":0.5699999928474426},{"id":"https://openalex.org/keywords/data-privacy","display_name":"data privacy","score":0.4359999895095825}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6010384559631348},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.5035731196403503},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.37700384855270386},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.21739235520362854}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.47604/ijmrm.2641","doi":"https://doi.org/10.47604/ijmrm.2641","is_oa":true,"landing_page_url":"https://doi.org/10.47604/ijmrm.2641","pdf_url":null,"source":{"id":"https://openalex.org/S4387997697","display_name":"International Journal of Modern Risk Management","issn_l":"3005-4559","issn":["3005-4559"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Modern Risk Management","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.47604/ijmrm.2641","doi":"https://doi.org/10.47604/ijmrm.2641","is_oa":true,"landing_page_url":"https://doi.org/10.47604/ijmrm.2641","pdf_url":null,"source":{"id":"https://openalex.org/S4387997697","display_name":"International Journal of Modern Risk Management","issn_l":"3005-4559","issn":["3005-4559"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Modern Risk Management","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","score":0.5600000023841858,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W1791587663","https://openalex.org/W2557671501","https://openalex.org/W2768756199","https://openalex.org/W2790888904","https://openalex.org/W2899434936","https://openalex.org/W2910112699","https://openalex.org/W3123911346","https://openalex.org/W3124102702"],"related_works":["https://openalex.org/W7172540137","https://openalex.org/W4410490946","https://openalex.org/W7208708102","https://openalex.org/W7164157351","https://openalex.org/W4414205603","https://openalex.org/W7220343084","https://openalex.org/W7010403164","https://openalex.org/W4414285022","https://openalex.org/W4411278016","https://openalex.org/W4413312335"],"abstract_inverted_index":{"Purpose:":[0],"The":[1,83],"aim":[2],"of":[3,11,50,109,156,177,188,214,230,255],"the":[4,9,72,107,174,186,212,228,253],"study":[5,23,30,63,84],"was":[6,74],"to":[7,57,103,135,150,172,195,205,226,251,275],"examine":[8],"influence":[10,155],"artificial":[12,157],"intelligence":[13,158],"on":[14,154,159],"credit":[15,99,120,160,179,233],"risk":[16,100,121,161,180,234],"assessment":[17,122,162,181,235],"in":[18,92,119,163,168,232],"banking":[19,164],"sector.":[20,165],"Methodology:":[21],"This":[22,40,183,242],"adopted":[24],"a":[25,58,207],"desk":[26,29],"methodology.":[27],"A":[28],"research":[31,169],"design":[32],"is":[33,41],"commonly":[34],"known":[35],"as":[36,55,71],"secondary":[37],"data":[38,44,73,258],"collection.":[39],"basically":[42],"collecting":[43],"from":[45],"existing":[46],"resources":[47],"preferably":[48],"because":[49],"its":[51],"low":[52],"cost":[53],"advantage":[54],"compared":[56,102],"field":[59],"research.":[60],"Our":[61],"current":[62],"looked":[64],"into":[65],"already":[66],"published":[67],"studies":[68,153],"and":[69,80,96,117,129,138,170,200,224,236,239,248,261,272,282],"reports":[70],"easily":[75],"accessed":[76],"through":[77],"online":[78],"journals":[79],"libraries.":[81],"Findings:":[82],"found":[85],"that":[86,210],"AI-driven":[87,178,215],"models":[88,216],"demonstrate":[89],"superior":[90],"performance":[91],"identifying":[93],"risky":[94],"borrowers":[95],"capturing":[97],"complex":[98],"patterns":[101],"traditional":[104],"methods.":[105],"Additionally,":[106],"integration":[108,187],"explainable":[110],"AI":[111,231],"(XAI)":[112],"techniques":[113],"has":[114],"enhanced":[115],"transparency":[116],"interpretability":[118],"processes,":[123],"facilitating":[124],"better":[125,196],"understanding":[126,176],"among":[127],"stakeholders":[128],"improving":[130],"decision-making":[131],"transparency.":[132],"Unique":[133],"Contribution":[134],"Theory,":[136],"Practice":[137],"Policy:":[139],"Decision":[140],"theory":[141],"&":[142],"technology":[143],"acceptance":[144],"model":[145,246],"(TAM)":[146],"may":[147],"be":[148],"used":[149],"anchor":[151],"future":[152],"Continuously":[166],"invest":[167],"development":[171],"advance":[173],"theoretical":[175],"models.":[182],"includes":[184,243],"exploring":[185],"machine":[189],"learning":[190],"with":[191,217],"behavioral":[192],"economics":[193],"theories":[194],"predict":[197],"borrower":[198],"behavior":[199],"default":[201],"probabilities.":[202],"Encourage":[203],"banks":[204],"adopt":[206],"hybrid":[208],"approach":[209],"combines":[211],"strengths":[213],"human":[218],"expertise.":[219],"Develop":[220],"comprehensive":[221],"regulatory":[222],"guidelines":[223],"standards":[225],"govern":[227],"use":[229],"ensure":[237],"ethical":[238],"responsible":[240],"practices.":[241,264],"establishing":[244],"transparent":[245],"validation":[247],"governance":[249],"frameworks":[250],"mitigate":[252],"risks":[254],"algorithmic":[256],"bias,":[257],"privacy":[259],"violations,":[260],"discriminatory":[262],"lending":[263],"Regulatory":[265],"authorities":[266],"should":[267],"also":[268],"promote":[269],"industry-wide":[270],"collaboration":[271],"knowledge":[273],"sharing":[274],"foster":[276],"innovation":[277],"while":[278],"safeguarding":[279],"consumer":[280],"interests":[281],"financial":[283],"stability.":[284]},"counts_by_year":[{"year":2026,"cited_by_count":9},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":2}],"updated_date":"2026-10-18T09:31:52.927876","created_date":"2024-06-05T00:00:00"}