Evidence map›Paper›PMID 42233050›Full record

ArticleMethodsX2026

Transforming financial documents into credit decisions using explainable artificial intelligence and optical character recognition.

Sachin Malave, Bharti Khemani, Hrishit Patil, Sanket Nandurkar, Om Nandurkar, Ayush Nayak

Abstract read
In one paragraph

Article in MethodsX, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.

0numbers the graph read from it
0cells of the map it votes in
0citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

0 citing papers in PubMed.

No citing paper in PubMed yet.

4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

6 authors.

Sachin MalaveHead of Computer Engineering Department, A. P. SHAH Institute of Technology, Survey No 12, 13, Opp. Hypercity Mall, Kasarvadavali, Ghodbunder Road, Thane West, Thane, Maharashtra 400615, India.
Bharti KhemaniAssistant Professor, A. P. SHAH Institute of Technology, Survey No 12, 13, Opp. Hypercity Mall, Kasarvadavali, Ghodbunder Road, Thane West, Thane, Maharashtra 400615, India.
Hrishit PatilStudent, A. P. SHAH Institute of Technology, Survey No 12, 13, Opp. Hypercity Mall, Kasarvadavali, Ghodbunder Road, Thane West, Thane, Maharashtra 400615, India.
Sanket NandurkarStudent, A. P. SHAH Institute of Technology, Survey No 12, 13, Opp. Hypercity Mall, Kasarvadavali, Ghodbunder Road, Thane West, Thane, Maharashtra 400615, India.
Om NandurkarStudent, A. P. SHAH Institute of Technology, Survey No 12, 13, Opp. Hypercity Mall, Kasarvadavali, Ghodbunder Road, Thane West, Thane, Maharashtra 400615, India.
Ayush NayakStudent, A. P. SHAH Institute of Technology, Survey No 12, 13, Opp. Hypercity Mall, Kasarvadavali, Ghodbunder Road, Thane West, Thane, Maharashtra 400615, India.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

The increasing use of digital technology in banking and financial services has accelerated the adoption of Artificial Intelligence and Machine Learning in lending and credit scoring. While advanced ensemble models offer higher predictive accuracy than traditional statistical approaches, they are often difficult to interpret. This lack of transparency raises concerns related to fairness, regulatory compliance, and borrower trust. This study proposes an integrated Explainable Artificial Intelligence framework for automated credit scoring and lending decisions. The framework utilizes Optical Character Recognition through EasyOCR, PyPDF2, and PdfPlumber to extract financial and identity data from applicant documents, followed by data cleaning, normalization, and structured feature engineering. SHAP and LIME are applied to generate global and local explanations, enhancing interpretability. Experimental evaluation shows that XGBoost achieves 92.5% accuracy, outperforming LightGBM (90.8%), Random Forest (87%), Logistic Regression (91%), and LSTM (81%).•The methodology integrates document-based data extraction with supervised learning models to generate accurate credit scores and lending decisions.•Performance metrics including accuracy, precision, recall, F1-score, MAE, RMSE, and R² confirm the superior performance of XGBoost in credit risk prediction.•The results highlight that combining structured financial features with explainable models improves transparency, supports regulatory compliance, and enhances decision-making reliability.

Indexed as

Credit scoringExplainable artificial intelligence (XAI)Financial document processingLIMEMachine learningOptical character recognition (OCR)SHAPXGBoost

Identifiers

PMID42233050
PMCPMC13224371

What OpenQuestion holds

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LicenceCC BY
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Registered trials

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.