How Machine Learning is Used in the Lending Industry
Together, artificial intelligence, machine learning, and deep neural networks are a boon to businesses awash in data. Machine learning has flipped the script on traditional lending, allowing for more accurate and faster decisions by shifting traditional decision-making from analysis of individuals to analysis of trends and patterns. The result for lenders? More repeat business, and […]
How to Face the Loan Decisioning Challenges of Today With Automation Solutions
To make it in today’s lending industry, your loan decisioning process has to be quick, low-risk, and accurate. It’s one of those crucial elements that either make or break a lending business. Decisioning can take days, rely on outdated rules, and scorecards or it can be powered by unorthodox data sources and analysis approaches and […]
