2020 will be remembered forever as the year fueled by a global pandemic. The aftershocks will continue to make waves for years to come, especially across the economic and financial landscape. However, there is always light at the end of the tunnel. In times of uncertainty, we adapt through technology.
LendIt and Brighterion collaborated on a survey of financial institutions and lenders to understand how they are investing in technology. Specifically, we wanted to understand how organizations are thinking about applying artificial intelligence (AI) to credit risk in light of the economic shakeup, and where they see the biggest opportunity for better credit risk management.
In this summary, we will walk you through the key takeaways from the survey, and discuss how Brighterion is approaching these important topics in AI for credit risk.