Technological Advancements and Lending
While debates on candy corn flavors continue, lenders are focused on updating their technology, eliminating unused tools, and exploring new ones amidst IT challenges.
Notably,
AI companies are paying people to fold laundry in front of robots so they can learn to do household chores, a development that, although interesting, may not lead to the humorous scenario of a robot tangled in a fitted sheet.
History of Automation
The concept of robots and automatic machines is not new, with the French being at the forefront of this technology
250 years ago.
Crypto Scams
A significant concern today is the rise of crypto scams, with Americans, including potential borrowers, losing millions to scammers at crypto ATMs, often targeting those seeking quick financial gains without regard for the victims.
Author's summary: Lenders update tech amidst IT challenges.
- Borrower Monitoring
- AI Processing
- DPA
- Verification Tools
- Events and Training
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