Artificial intelligence (AI) is transforming the lending industry, shifting critical financial decisions from human loan managers to sophisticated algorithms. Banks, fintech startups, and traditional financial institutions increasingly rely on AI to streamline lending processes, enhance accuracy, and improve customer service.
Fintech Trends
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What P2P Lending Is and How It Is Changing the Marketplace
For decades, if you needed a loan, you went to a bank. You filled out paperwork, waited for a decision, and hoped for approval. But now, something different is happening. Peer-to-peer (P2P) lending — where individuals lend money directly to other individuals online — is rewriting the rules of borrowing…