The more banks lend, the better they do and the broader their customer base becomes.
With AI & ML, banks can lend to a larger set of customers — those who are perceived as high risk — with a greater level of certainty that there won't be undue losses.
Despite this, many banks and regulators remain uneasy about the outcomes.
Tom Faughnan , EVP & Director of Consumer Lending at Associated Bank , is bullish on the potential of AI & ML. In this episode, he shares what needs to happen for regulators to give fintechs the green light.
We discuss:
- The opportunities and hurdles of AI & ML in credit decisioning
- How to find the right fintech partner in the space
- Aligning internal parties across business lines during the vendor management process
- Navigating the mortgage space as rates rise
To hear more from Leaders in Lending, check us out on Apple Podcasts , Spotify , or on our website .
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