Emerging Trends in Lending Technology
As lenders continue to evaluate and update their technology, AI companies are making strides in developing robots that can perform household chores.
AI companies are paying people to fold laundry in front of robots so they can learn to do household chores.
In other news, crypto scams are on the rise, with Americans losing millions to scammers at crypto ATMs. These scams have attracted individuals seeking to make quick profits, disregarding the harm caused to victims.
Meanwhile, industry experts are sharing their insights, with Ben Teerlink, Founder/CEO of MMI, scheduled to be interviewed on the L1 show.
- Borrower monitoring and AI processing are key areas of focus
- Verification tools and training events are also essential for lenders
- Crypto scams pose a significant threat to potential borrowers and the general public
Author's summary: Lenders are updating their technology while AI companies are developing robots for household chores.
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