Lenders and Technology
While debating the taste of candy corn, lenders are reviewing new tools and weeding out unused technology.
Ben Teerlink, Founder/CEO of MMI, will be interviewed on the L1 show to discuss these developments.
AI and Robotics
AI companies are teaching robots to do household chores by paying people to fold laundry in front of them.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
Robots and automatic machines have been around for 250 years, but now Americans are losing millions to scammers at crypto ATMs.
Crypto Scams
Crypto scams are targeting people who want to make money, regardless of the victims.
These scams are a bad development in the IT world, and lenders are looking for ways to prevent them.
- Borrower Monitoring
- AI Processing
- DPA
- Verification Tools
Author's summary: Lenders are adopting new technology to prevent scams.