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Little Known Truths About AI In Online Lending And Why They Matterby@techtoogle
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Little Known Truths About AI In Online Lending And Why They Matter

by Laksh Mohan4mNovember 1st, 2020
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Technology is now one of the essential elements for the growth and development of many businesses. Artificial Intelligence (AI) is an example of such tech becoming popular with businesses, like online lending. The main function of AI in lending is making documents and credit rating systems electronic. This allows banks and other lending facilities to process applications for installment loans and other inquiries quickly. Through AI, lenders will easily know the risk or creditworthiness of a client. It speeds up the rejection or approval of the loan application. It can prevent cybercrime from happening by protecting the personal data of the client.

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Laksh Mohan HackerNoon profile picture
Laksh Mohan

Laksh Mohan

@techtoogle

I am the founder of Tech Toogle where I write a few words aiming at igniting knowledge of technology

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Laksh Mohan HackerNoon profile picture
Laksh Mohan@techtoogle
I am the founder of Tech Toogle where I write a few words aiming at igniting knowledge of technology

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