Decoding Creditworthiness: Leveraging Big Data Analytics for Risk Assessment in Credit Appraisals

Abstract

The aim of the present study is to explore the role of Big Data Analytics (BDA) in assessing the risk in credit appraisals also, to discuss credit assessment and its importance. The study also explores the Credit Risk Analytics (CRA) the threats and restrictions of BDA in credit appraisal as well as opportunities for data in banks.