INTERNATIONAL JOURNAL OF INFORMATION AND COMMUNICATION TECHNOLOGIES

ALGORITHM FOR AUTOMATING THE CLASSIFICATION OF FINANCIAL ASSETS IN RETAIL LENDING

Authors

  • Omarova E.G. Kazakh-British Technical University

DOI:

https://doi.org/10.54309/IJICT.2021.05.1.020

Keywords:

financial assets, consumer lending, retail loans, homogeneous loans, determination of provisions (reserves)

Abstract

The article presents a case on drawing up an algorithm for automating the classifi-cation of financial assets in retail lending. The filling of the specification of the main business re-quirements is given, as well as the procedure for the development and practical implementation of the classification is described. The Pools Directory is compiled in a tabular form as a portfolio of homogeneous loans. The block diagram illustrates the essence of the authors' proposals to automate the process of grouping retail financial assets. In order to implement the possibility of calculating the volume of provisions for homogeneous loans, it is necessary to create fields on each specific pool taking into account its technical features.

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Published

2021-03-15

How to Cite

Omarova E.G. (2021). ALGORITHM FOR AUTOMATING THE CLASSIFICATION OF FINANCIAL ASSETS IN RETAIL LENDING. INTERNATIONAL JOURNAL OF INFORMATION AND COMMUNICATION TECHNOLOGIES, 2(1), 150–156. https://doi.org/10.54309/IJICT.2021.05.1.020

Issue

Vol. 2 No. 1 (2021): INTERNATIONAL JOURNAL OF INFORMATION AND COMMUNICATION TECHNOLOGIES

Section

Статьи

License

Copyright (c) 2021 International Journal of Information and Communication Technologies

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

https://creativecommons.org/licenses/by-nc-nd/3.0/deed.en