Borrower Monitoring and AI Processing
Lenders are reviewing new tools and weeding out unused or out-of-date technology, while also being aware of bad developments in the IT world.
AI companies are teaching robots to do household chores by paying people to fold laundry in front of them, in an effort to advance their learning capabilities.
Robots and automatic machines aren’t new (the French were cutting edge 250 years ago).
Crypto Scams
Americans, including potential borrowers, are losing millions to scammers at crypto ATMs, with many people being drawn in by the promise of easy money without regard for victims.
Author's summary: Lenders review tools while AI advances and crypto scams rise.