BNK Busan Bank Introduces AI-Based "Alternative Credit Evaluation Model" to Bridge Financial Gaps

Multidimensional assessment of repayment capacity using non-financial data... expected to improve financial accessibility

BNK Busan Bank (headed by President Kim Sungju) announced on the 23rd that it will introduce an AI-based "alternative credit evaluation model" to complement the existing credit evaluation method that is centered on financial information.

The alternative credit evaluation model is characterized by assessing a customer's repayment capacity in a more multidimensional way by analyzing not only traditional financial history but also a wide range of non-financial information. By using machine-learning-based analytical technology to evaluate customer creditworthiness from multiple angles, the model is designed to incorporate into the review process factors that were not sufficiently reflected in the existing evaluation system.

Until now, many customers with insufficient financial transaction history or with records of credit deterioration over a certain period have faced restrictions in accessing institutional financial services. Through the introduction of this model, Busan Bank plans to address these limitations and enhance financial accessibility for customers who possess genuine repayment capacity.

Jang Inho, Head of the Retail Customer Group, said, "The introduction of alternative credit evaluation is not only about advancing risk management, but also about ensuring that more customers have access to financial opportunities," adding, "We will continue to improve our evaluation system to reduce financial blind spots and enable a diverse range of customers to use institutional financial services."