Technological Advances and Lending
Lenders are currently reviewing and updating their technological tools, including Borrower Monitoring, AI Processing, DPA, and Verification Tools, to stay ahead in the industry.
Meanwhile, AI companies are working on teaching robots to perform household chores, such as folding laundry, to aid in automation.
AI companies are paying people to fold laundry in front of robots so they can learn to do household chores.
Crypto Scams on the Rise
A concerning trend is the increase in crypto scams, with Americans, including potential borrowers, losing millions to scammers at crypto ATMs.
These scams have attracted individuals looking to make quick profits, often disregarding the harm caused to victims.
Author's summary: Lenders update tech tools amidst rising crypto scams.