Bank Use Of AI To Manage Credit Risk Tripled In The Last Three Years

  • “The study, which is based on a survey of 100 FI executives, specifically focuses on how banks are using artificial intelligence (AI) in these key areas and how they view its potential.
  • The use of AI systems has increased threefold, from approximately 5 percent of FIs overall that reported using them in 2018 to 16 percent in 2021.
  • Large banks have so far spearheaded adoption, with 79 percent of banks with more than $100 billion in assets employing it.”

https://www.google.com/amp/s/www.pymnts.com/news/artificial-intelligence/2021/new-report-bank-use-of-ai-to-manage-credit-risk-tripled-in-the-last-three-years/amp/

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