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Abstract
Currently, it is important to assess the impact of digitization process on the organization of banking activities and the increasing the profitability of commercial banks. Based on the data of Kazakhstani and foreign commercial banks, the article analyzes the progress and results of im-proving creditworthiness based on an in-depth analysis of the financial system indicators in the financial conditions of banks, cluster and economic and statistical analysis. Furthermore, based on the results of in-depth analysis, economic-statistical models, and cluster analysis, the article pre-sents the challenges of improving lending in financial systems of commercial banks within the context of digitization. The identification of four clusters, based on clustering financial system indicators by various countries, has provided a better understanding of the differences in financial systems among countries and their impact on the economy and business. The findings of empirical research further highlighted the importance of digital processes for banks to achieve competitive advantage and success in the in the era of digital technologies.