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Lending participants’ demands Those involved in the lending process (lenders or business relationship managers, underwriters, line-of-business managers, credit authorities, and back-office personnel) “have also come to demand more convenient and digitized processes for tasks they complete across the loan life cycle,” Aite said.
Smallbusinesses – even large corporations – are feeling the financial crunch from the coronavirus. Financial Cybersecurity. There has been an influx of calls from consumers who can no longer pay their loans, and this will quickly follow suit on the commercial lending side. Artificial Intelligence. BSA Software. Learn More.
Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. Another example of using predictive AI is smallbusiness lending software that incorporates AI-driven lending intelligence.
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