IMPLEMENTATION OF ARTIFICIAL INTELLIGENCE IN THE CREDIT PROCESS OF COMMERCIAL BANKS OF UZBEKISTAN
Keywords:
Artificial intelligence, credit process, credit scoring, commercial banks, bank digitalization, AI regulation, financial inclusion.Abstract
Digitalization of processes in the banking sector of Uzbekistan is being complemented by the active implementation of artificial intelligence technologies, and this approach is particularly applied in the credit process. This article analyzes the positive aspects and negative impact of artificial intelligence in the banking sector. In addition, it examines the regulatory framework and practical implementation of artificial intelligence in Uzbek banks, as well as issues related to data confidentiality and their regulation. Special attention is paid to credit scoring based on alternative data. Furthermore, it is concluded that AI increases the speed and accuracy of credit analysis, yet requires human oversight when making important decisions.
