Wave2’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

Check Out! My new blog post simplifies how AI can streamline loan applications: https://lnkd.in/dyKn8ikt

Equipment financiers are adopting AI-driven technology though potential biases in the algorithms present concerns. #equipmentfinance #ELFA #technology #AI #LenderOperations https://hubs.ly/Q02WDJ2C0

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

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

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 fact that AI can enhance lending practices is already commonly known, yet the challenges surrounding this are still barely known. ⚙️Behind instant lending that AI made, there's an advanced framework built at the backbone. The basis of the datasets is crucial to maintain anti-bias result. 💯Accuracy and efficiency level are also the core aspects to achieve high-performance system. Thus, it’s necessary to invest time assessing the capability of AI platform to use. From every angle, strengths to obstacles, let's unmask the use of AI in lending in this article! #Fintelite #aiinlending #creditrisk #lendingindustry

Want to improve loan approval accuracy without lengthy applications? Machine learning can help! The DataRobot AI platform empowered Harmoney to streamline its credit risk assessment, boosting accuracy while reducing application time significantly. #ai #ml #genai #fintech #DataRobot Read more here:

The PYMNTS team has been exploring the emerging world of Generative AI and how it will shape the future of financial services. I enjoyed our conversation about the advancements being made and the future to come. As machine learning has evolved into deep learning, Generative AI has advanced to help create more human-like content. These solutions are being deployed to produce all types of content -- not just text but also graphics, pictures, sound, video, code, music, and more. Financial institutions are looking at applications in numerous areas. This includes client servicing, automated decisioning, hyper-personalization, marketing operations, and financial crime mitigation. The technology continues to evolve. We expect new specialized large language models specifically tuned for financial services. Multi-modal capabilities can be used to create marketing collateral, system code, and optimized workflows. Financial institutions need to mitigate the risks associated with adopting these capabilities. Areas of focus include model transparency, new forms of cyber attacks, evolving regulations, and cost containment. Contact Galileo Financial Technologies to find out more! #artificialintelligence #ai #generativeai #genai #naturallanguageprocessing #nlp #chatbot #virtualassistant #intelligentvirtualassistant #iva #intelligentdigitalassistant #machinelearning #deeplearning #neuralnetworks #aiml #financialservices #banking #bankingtransformation #digitaltransformation #operationalefficiency #automation #automateddecisioning #largelanguagemodels #llm

An interesting article I saw this morning explaining how AI is helping analyse information faster for faster better decision making. It's reducing document review time from hours to minutes or even seconds. Also great to see discussion about the importance of human in the loop decision making & where the limitations of AI are in relation to financial advice. What can AI do to help you in your role?