Representing SME Creditworthiness in Society 5.0
| Main Authors: | Razak, Mohd Norullah Ab, Latif, Ahmad Shaharudin Abdul |
|---|---|
| Format: | Proceeding Journal |
| Terbitan: |
, 2021
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/5203091 |
Daftar Isi:
- Society 5.0 envision a human-centered society that balances economic advancement and the resolution of social problems by a system that highly inte-grates cyberspace and physical space. This exploratory paper focuses on SME limited access to credit. Access to financing is a significant social issue for soci-ety in eradicating poverty and achieving economic equality. Despite their signif-icant contribution, credit constraints hinder SME's growth and development. We present our argument that conventional financial institution representation on SME creditworthiness may not be sufficient to mitigate the information asym-metry issue in serving the SME lending market. This exploratory paper investi-gates the challenges in representing SME creditworthiness and proposed a solu-tion to mitigate the issue. Society 5.0 agenda presents an opportunity to reengi-neer creditworthiness representation because of newly available technology in collecting, analyzing and sharing data. Since the process requires an intelligent agent to interact with the accumulated knowledge for reasoning and decision-making purposes, a knowledge representation of SME creditworthiness is neces-sary to achieve the agenda.