Auto lenders are integrating artificial intelligence into their processes to improve customer service automation and credit decisioning, while also considering uses for underwriting. Subprime auto lenders can use AI to ensure staff and resources are allocated to tasks that help overcome challenges related to accessibility, operational costs and credit risk, said Harvey Singh, chief operating officer at Veros (…)
Trending
- Revision of the AI Policy Guidelines by ATA
- CFOs in Finance Adopt AI Technology in Coding
- Regulatory Changes Open Opportunities for Competition Between Fintech and Traditional Banking Institutions
- Survey reveals that the financial services sector is increasing its investments in AI and open source technologies twofold.
- Crypto schools draw interest amid speculation regarding UAE initiatives.
- Solar energy surpasses fintech as the leading investment draw in Africa.
- Climate change overwhelms the insurance industry.
- How AI is transforming risk management in trade finance
