Last week, I spent three days in Las Vegas attending Fintech Meetup and it was an epic show. Most of my time was consumed by the Lending Track, because I organized it, but I also caught some of the keynotes, did a breakfast Table Talk, and, of course, had plenty of one-on-one meetings.
As you can imagine, there was talk of AI everywhere but it was interesting to me that there was less talk of the ...
While the article presents the advances in cash flow underwriting as promising, it is essential to consider potential drawbacks. As AI systems become more widespread, questions about data privacy, transparency, and accountability arise. The use of AI could lead to biased decisions if not properly regulated or audited. Additionally, relying on automation may weaken human interactions within the banking sector, potentially impacting customer service and relationship-building. It is crucial to stri...