Application of cohonen networks in the banking sphere

Abstract

Any organization [1] needs to use computer-based automation systems that allow efficient implementation of management decisions [2]. This work designs and implements a system for calculating the creditworthiness of the bank's client [3]. The task is to form a system of assessing the capacity to grant credit to the client (physical or legal person) [4]. Evaluating a potential client, banks try to determine the level of risk they can be subjected to when granting credit to the client. Insanely, the bank must be sure that the borrower will repay the loan and interest on time.