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5 ways AI is changing financial services
Discover how generative AI can transform financial services operations by automating and optimizing lending processes and improving access to capital.
It’s no secret that AI is changing how we work, and in financial services, the technology is already creating new opportunities for businesses to make more efficient, informed financial decisions.
Going beyond a single solution, AI represents a variety of algorithms and models that automate processes, enhance risk assessments, and streamline lending and financial services operations.
According to a 2024 report by Microsoft, almost 75% of workers use AI during their day now, compared to 46%, nearly double in the last six months.
TAKEAWAYS
Reducing repetitive, time-intensive and manual work
Detecting and mitigating fraud risk
Standardizing data
Personalizing loan recommendations
Improving the borrower experience
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