Lenders and Technology
Lenders are continually updating their technology, eliminating unused or outdated tools, and exploring new ones, all while being mindful of bad developments in the IT world.
Meanwhile,
AI companies are paying people to fold laundry in front of robots so they can learn to do household chores, a development that may lead to significant changes in how we approach household tasks.
History of Automation
Robots and automatic machines have been around for centuries, with the French being at the forefront of this technology
250 years ago.
Crypto Scams
Unfortunately, the rise of crypto ATMs has also led to an increase in scams, with Americans, including potential borrowers, losing millions to scammers who
didn’t care about victimsand were only looking to make money.
Author's summary: Lenders update technology while AI learns household chores.
- Borrower Monitoring
- AI Processing
- DPA
- Verification Tools
- Events and Training