One of the biggest impediments to using AI to lend is that credit decisions are made in a black box...
It seems that every week we hear of new financing rounds or new entrants in the online lending industry. This...
Much has been written about machine learning and the impact it will have on the future of finance. But when...
Douglas Merrill, the CEO of ZestFinance, writes in Forbes that more data for making an underwriting decision is usually better;...
ZestFinance, the pioneering artificial intelligence software company focused on credit, has launched a new tool called ZAML Fair that aims to...
P2P lending fund cites legacy Zopa portfolio for lower returns Digitizing construction finance with Rabbet’s Will Mitchell AI Is Coming...
Banks have started to utilize new technology like AI as a tool to help build efficiency into their processes; one issue that has arisen is regulators questioning whether or not the bank is missing suspicious activity when using new technology; Cathy Bessant, chief operations and technology officer at Bank of America, thinks if the technology is better explained to regulators it could help solve this issue; AI driven providers like ThetaRay, ZestFinance, Merlon Intelligence, QuantVerse and Attivio all have products that can help bring down time spent on malicious activity and better identify issues. Source.