How Artificial Intelligence is Transforming Lending

By |2021-06-08T12:56:53-05:00September 10th, 2020|Technology|0 Comments

AI offers advantages to both lenders and borrowers, offering speedy, accurate and convenient transactions. Artificial intelligence (AI) is changing the way lenders assess creditworthiness. Instead of the usual credit check, which requires borrowers to have an actual credit history, lenders can input material such as a borrower’s mobile phone and utility bills. These can prove [...]