Promise and peril: Fairness in AI-based lending
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and ...
Tag: Lending
EvaBank selects Lokyata to automate credit decisioning
EvaBank is partnering with credit-decisioning platform Lokyata to help automate and streamline its loan-decisioning processes and give borrowers more access ...
BankiFi, Axiom Bank partner for SMB banking
$649 million Axiom Bank is partnering with embedded finance platform BankiFi to allow its small- to medium-sized business (SMB) customers ...
Quilo introduces real-time loan syndication network
NEW YORK CITY — Lending platform Quilo unveiled its real-time syndication network that allows banks to digitally originate loans during ...
Open Lending logs 138% YoY jump in certified loans, increased refi penetration
Automation fintech Open Lending posted year-over-year increases in its certified loans despite industry headwinds as refinance volume grew and more ...
Microsoft Cloud for Financial Services to support automated lending with Nov. 1 launch
Microsoft’s new cloud service for financial services companies, set to launch Nov. 1, aims to provide financial institutions with support ...
Open Lending revenue jumps as new lenders join platform
Automation fintech Open Lending logged a jump in revenue and certified loans as auto lenders increasingly signed on to its ...
Lender Compliance Technologies brings automation to auto lenders’ regulatory practices
Automation is quickly becoming the new norm in auto finance, prompting auto lenders to partner with fintechs to simplify their ...
EU moves to ban ‘unacceptable’ uses of AI
As the European Union moves toward banning “unacceptable” uses of artificial intelligence (AI) systems, its proposed rules could slow the ...
5 bank processes ripe for automation and AI
Five use cases highlighted at the recent virtual UiPath Summit show how banks and financial institutions apply artificial intelligence (AI) ...
