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Tag: digital lending

Commonwealth automates majority of underwriting with AI

Commonwealth automates majority of underwriting with AI

October 21, 2024October 21, 2024 · Banking

Commonwealth Credit Union is using Zest AI’s underwriting solution to speed up customer service and improve risk modeling and accuracy of underwriting.  “Seventy percent to 83% of all…

Read more Commonwealth automates majority of underwriting with AI
Wells Fargo AI pipeline hits 191 projects | Bank Automation News

Wells Fargo AI pipeline hits 191 projects | Bank Automation News

March 19, 2024March 19, 2024 · Banking

NASHVILLE, Tenn. — Wells Fargo is amping up its artificial intelligence project pipeline.  The bank has 191 AI, machine learning and natural language processing features in the pipeline,…

Read more Wells Fargo AI pipeline hits 191 projects | Bank Automation News
At ₹31,692 crore, digital lending increases 40% in Q2: Report

At ₹31,692 crore, digital lending increases 40% in Q2: Report

December 12, 2023December 12, 2023 · Banking

The Fintech Association for Consumer Empowerment (FACE) member companies disbursed loans worth ₹31,692 crore during September quarter, indicating a 43 per cent annual increase, per a FACETS report.…

Read more At ₹31,692 crore, digital lending increases 40% in Q2: Report
Union Credit launches marketplace | Bank Automation News

Union Credit launches marketplace | Bank Automation News

August 11, 2023August 11, 2023 · Banking

Credit unions are looking to digital lending marketplace Union Credit to grow their membership, gain national exposure and break into younger demographics. Nationally, the average credit union member…

Read more Union Credit launches marketplace | Bank Automation News
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