HOW AI IS TRANSFORMING LENDING AND LOAN MANAGEMENT

  • “Frost & Sullivan consulting company specialists are sure that the market volume of AI-technologies will grow by 31% annually.
  • Automated systems cost banks 50-90% less than the work of hired employees.
  • Europian banks create own innovative scoring systems. They are characterized by its extremely high speed of operation: within seconds, the system analyses 10,000 customer characteristics.
  • Advantages of using AI-systems in the financial sphere:
    • Routine processes are automated;
    • The speed of service increases;
    • Costs for the decision of standard problems decrease;
    • Accuracy of processing of the big volumes of the data raises.”

    https://www.analyticsinsight.net/how-ai-is-transforming-lending-and-loan-management/

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