Question: How is Al used in digital lending? The Al program is taught the parameters of a financial institution's lending practices, such as which factors determine
How is Al used in digital lending?
The Al program is taught" the parameters of a financial institution's lending practices, such as which factors determine a potential borrower's creditworthiness, and then the program uses a set of problemsolving specifications called a beta test to determine whether a loan is warranted, and, if so at what terms.
The Al program is 'taught' the parameters of a financial institution's lending practices, such as which factors determine a potential borrower's creditworthiness, and then the program uses a set of problemsolving specifications called a fintech to determine whether a loan is warranted, and, if at what terms.
The Al program is taught" the parameters of a financial institution's lending practices, such as which factors determine a potential borrower's creditworthiness, and then the program uses a set of problemsolving specifications called an algorithm to determine whether a foan is warranted, and, if at what terms.
The Al program is taught" the parameters of a financial institution's lending practices, such as which factors determine a potential borrower's creditworthiness, and then the program uses a set of problemsolving specifications called statistics to determine whether a loan is warranted, and, if so at what terms.
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