As banks digitize their lending processes and seek to expand credit access globally, they need new tools to make fast, accurate credit decisions. This article discusses three emerging lending technologies - real-time spending insights, automated functionality, and broader data visibility - that are helping lenders mitigate risk and improve the speed and customer experience of credit decisioning.
As banks digitize their lending processes and seek to expand credit access across borders, it is becoming increasingly difficult to make fast, accurate credit decisions. To mitigate risk, lenders need real-time insights into spending habits, automated functionality, and visibility into a broader set of data, especially as they seek to improve speed, enhance the customer Read more...
The post Three Fresh Lending Tools that Are Redefining Credit Decisioning appeared first on Finovate.
Lloyds Banking Group announced that its use of generative AI generated £50M in value in 2025, and they have set a target of over £100M in value from 'next gen' AI by 2026. This includes rolling out an AI-powered financial assistant to their 21M users and launching an AI Academy to upskill their 67,000-strong workforce.
Fundamental, an AI lab, has emerged from stealth with a $255 million Series A funding round and a new foundation model called Nexus that is designed to analyze structured enterprise data, an area where traditional AI models often struggle. The company believes Nexus can reshape how large enterprises analyze their data by combining predictive AI with contemporary tools.
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