The Steady Adoption of AI & Machine Learning in Credit & Banking
The more banks lend, the better they do and the broader their customer base becomes.
With AI & ML, banks can lend to a larger set of customers — those who are perceived as high risk — with a greater level of certainty that there won't be undue losses.
Despite this, many banks and regulators remain uneasy about the outcomes.
Tom Faughnan , EVP & Director of Consumer Lending at Associated Bank , is bullish on the potential of AI & ML. In this episode, he shares what needs to happen for regulators to give fintechs the green light.
We discuss:
- The opportunities and hurdles of AI & ML in credit…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.