- “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.
- 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/