Uman NUH | today: 12/22/2024
| Author(s) |
Bechko P.K., Candidate of Economics, , Uman National University of Horticulture, Ukraine Kolotukha S.M., Candidate of Economics, , Uman National University of Horticulture, Ukraine Vlasyuk S.A., , , Uman National University of Horticulture Пономаренко О. В., , , Гавриленко О. А., , , |
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| Category | Economics | ||
| year | 2023 | issue | Issue number 103. Part 2 |
| pages | 106-116 | index UDK | 336.7 | DOI | 10.32782/2415-8240-2023-103-2-106-116 (Link) |
| Abstract | The scale and speed of convergence of information technologies in all spheres of society has a direct impact on the formation of the system of economic relations. The use of artificial intelligence and advanced technologies in today's environment facilitates the production of certain goods with lower labor costs. This means a transition from the traditional model of economic development to the digital model of development. The financial sector plays a special role in implementing digital economy programs. At the same time, banks, traditionally important depositories that reliably convert savings into investments and loans, are facing serious competition in the context of fintech, i.e. the development of financial services and technologies that help companies manage their finances. This article identifies that the use of the latest digital technologies has led to an increase in the welfare and quality of life of the population due to increased access to quality goods and services produced in the digital economy. In this context, the primary task is to increase the information and digital literacy of the population, to improve the accessibility and quality of public services for the public, and to strengthen national and international security. The paper structures the main drivers of the use of online lending platforms. The authors analyze credit scoring algorithms that enable the evaluation of a potential borrower’s creditworthiness based on a much broader range of information than that provided by traditional lending channels and compare the advantages and limitations of traditional and alternative lending channels. | ||
| Key words | digital economy, digitalization, digital technologies, business digitalization, banking sector, lending | ||