Technology Updates in Lending
Lenders are currently reviewing and updating their technology, eliminating unused or outdated tools and exploring new ones, including Borrower Monitoring, AI Processing, DPA, and Verification Tools.
Meanwhile, AI companies are teaching robots to perform household chores by paying people to fold laundry in front of them, in an effort to advance their learning capabilities.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
Despite advancements in technology, including the use of robots and automatic machines, which have been around for over 250 years, Americans are still falling victim to scams, including those at crypto ATMs, with millions of dollars being lost.
Crypto scams have attracted individuals looking to make money, regardless of the harm caused to victims.
For more information on the latest developments in technology and lending, tune in to the L1 show today at 11AM PT for an interview with Ben Teerlink, Founder/CEO of MMI.
Author's summary: Lenders update tech amidst AI advancements.
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