C H E Q U I N G
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C H E Q U I N G
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THE TIME TO MAKE THIS JUMP IS NOW . THE MEMORIES OF LAST YEAR ’ S BANKING CRISIS ARE STILL FRESH , AND WHILE BANKS ACROSS THE STATES WILL DEFINITELY BE EAGER TO DISH OUT CREDIT , THEY HAVE TO BE WARY OF STRIKING A BALANCE BETWEEN GROWTH AND CAUTION . www . intelligentfin . tech
For US banks , automation and digitalisation should be a prerequisite for loan growth . In the coming months , more and more people will begin to bash on their banks ’ revolving doors , requesting all types of credit , from mortgages all the way to small-dollar loans ( American Banker ). To meet this demand , banks need to integrate AI and ML into their credit risk management processes and bolster them with a vital boost of capital .
So , to all banks across the States , please beware : a lending boom is on the horizon , and while I ’ m sure you ’ ll jump at the demand , you must exercise caution . �
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