Fintech Lending Apps are Increasingly Using AI and Machine Learning to Accurately Determine Borrower's Creditworthiness, According to Researchers
December 24, 2020 @ 6:52 pm By Omar Faridi The financial sector is undergoing major technological advancements and changes. Traditional banking institutions now face a lot of competition from online or digital startups that have no physical branches. Social media and other online platforms are branching out into payments and credit. The rise in demand for all-digital services has been accelerated by the COVID-19 pandemic. It’s “turbo-charging” this digital transformation, according to a recent blog post published by the International Monetary Fund (IMF). The blog post has been authored...