Josh Groneman’s Post

From automating routine tasks to powering predictive analytics, AI is revolutionizing the way banks lend to businesses. Our CEO Dan O'Malley explains why financial institutions can’t afford to ignore AI’s potential. Read his full article on harnessing AI for smarter lending. https://lnkd.in/eav_UvPk #BankingInnovation #AITransformation #CommercialLending

AI can't give good results without good data. Just imagine supplying your financial institution's artificial intelligence with real information about what, where, and how your account holders and communities are searching for services. #creditunions #communitybanks #branchandATMlocators

Traditional credit scoring methods have their limitations. They often overlook those with little to no credit history, making it challenging for a significant portion of the population to access financial services. But there's a revolution happening in the world of finance, and it's powered by AI. 🌐 Discover how AI is making credit scoring more inclusive, efficient, and predictive. From analyzing extensive data sources to the role of predictive analytics and machine learning, it's reshaping the financial landscape. 💡Stay ahead with Oscilar’s AI-powered insights: https://loom.ly/DD-3ErE #AI #CreditScoring #FinTech

AI can't give good results without good data. Just imagine supplying your financial institution's artificial intelligence with real information about what, where, and how your account holders and communities are searching for services. #creditunions #communitybanks #branchandATMlocators

Doing good with AI technology. That's what we're all about at Zest AI. Everyone has worth, lending decisions should reflect that. #ai #financialinclusion #peoplehelpingpeople

While the use case of AI driven Loan Application has been popular since last decade, surprisingly only one in eight banks have deployed AI models in their credit and lending processes.  With upcoming investments, AI promises to enhance efficiency, accuracy, and credit access. However, challenges like transparency, data quality and bias remain critical. Continuously monitoring models for bias & discrimination is a very long shot.  As we navigate this shift, a question to ask is- How can we ensure that the benefits of AI-driven lending are equitably distributed across all segments of society? https://lnkd.in/gJ49_KhC

AI can't give good results without good data. https://buff.ly/3P1gDuG Just imagine supplying your financial institution's artificial intelligence with real information about what, where, and how your account holders and communities are searching for services. #creditunions #communitybanks #branchandATMlocators

Kudos to Neighborhood Credit Union and Steve Boylan! Using AI in lending, collections, and more is cutting edge!!! The power of AI comes from good data. The better the data, the better the AI is trained and the more powerful it becomes! Many Conductiv customers are also using AI in lending and the combined results are powerful! #AI #Fintech #LendingInnovation

The growing trend of banks using machine learning models to streamline the loan application process. Key points include increased efficiency, personalized loan offers, better credit assessment, regulatory compliance, and improved customer experience. Machine learning models offer faster, more accurate application reviews, reduce errors and biases, enable personalized loan pricing, provide a comprehensive view of creditworthiness, ensure regulatory compliance, and enhance the overall customer experience. #MachineLearning #Banking #AI #LoanApplications

AI + Lending Teams = A Winning Combination 🏆 In our new blog post, we explore the synergy between artificial intelligence and human expertise in the lending industry. Discover how this partnership is leading to smarter, faster loan decisions and improved access to credit. Read more: https://lnkd.in/gYfm_Esw