Sakamoto Takema, chief representative of the Philippines at JICA, said that since the launch of the Credit Risk Database (CRD) scoring model in May 2023, the project is moving on to its second phase.
During the second phase, the government and its partners should maintain the robustness of the database by creating a secure environment and convenient data provision mechanism for financial institutions.
It should also maintain the accuracy of the scoring model in order to gain and keep trust from end users. This is through regular, internal and third party validation.
The BSP and its partners should also further develop the expertise, skills and knowledge in overseeing the CRD.
This story is from the December 15, 2024 edition of The Philippine Star.
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This story is from the December 15, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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