As artificial intelligence (AI) provides new tools to criminals, Incognia's tools are 17 times more effective than facial recognition.
Harmoney has shared that they are working with DataRobot to improve credit assessments; DataRobot automates data science workflow and allows users to customize predictive models; Harmoney’s models have been trained on data from over 300,000 loan applications; previously it took them 12 to 16 weeks to deploy models, now it takes just minutes. Source
Hyperpersonalization is the next frontier for consumer engagement in financial services. Traditional FIs may be facing a disadvantage.
The commercial lending process is still very document-driven; while many documents have moved online, the overall market is still using a process developed years ago. Able is helping to change that equation by streamlining the lending process.
The international firm, whose US headquarters are located in Parsippany, NJ, grew its revenue by 35 percent in 2022 while increasing the number of customers by 24 percent.
There are more than 5,000 credit unions in the United States according to the NCUA. Most of them are small...
In this episode we chat with Pankaj Kulshreshtha, the CEO and founder of Scienaptic about advanced underwriting technology and why AI is key to their solution
Although generative AI's development is a concern to some, its application to the lending sector could create even more access to credit.
The ability to bolster human knowledge in a short amount of time is a tantalizing prospect for the application of artificial intelligence.
Ken Sena runs a group within Wells Fargo Securities and recently introduced an artificially intelligent equity research analyst; the bot tracks stocks and put a sell rating on Facebook and Google, two of the top companies working on artificial intelligence; Sena provides his perspective on the new bot and where it might be falling short. Source