Digital Lending and Artificial Intelligence
[vc_row][vc_column][vc_column_text]3 Minutes Read. Artificial intelligence (AI) is expanding rapidly in the fintech industry. In particular, AI has largely affected digital lending. By 2020, as much as 5 percent of all of economic transactions will be handled by autonomous software, including loan transactions. By applying machine learning to collected borrower data, software solutions can approve or […]
Small Banks and Why They Need To Adapt To The Latest In Artificial Intelligence and Machine Learning
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]Small banks and credit unions play an important role in the US financial system particularly in serving rural and small metropolitan areas. Why should they care about artificial intelligence and machine learning when their business with borrowers is based on personal relationships? Their essence is in relationships built with the community at the local level, […]