Press Coverage

The Rise of Alternative Data in the Lending Market

September 2017

There were conflicting views on the importance of the FICO score at the PayThink Conference in Phoenix this week. While only some professionals were bold enough to say the standardized credit scoring has become marginalized...

Can AI Be Programmed to Make Fair Lending Decisions? | American Banker

September 2016

As lenders dabble with artificial intelligence in credit decisions, debate has stirred around whether AI and even more traditional decision-making algorithms can be trusted to make sound decisions...

Will Using Artificial Intelligence To Make Loans Trade One Kind Of Bias For Another? | NPR

March 2017

The terms of the next loan you get might depend less on your credit score and more on what a computer program thinks of your habits.
Digital lending is expected to double in size over the next three years, reaching nearly 10 percent of all loans in the U.S. and Europe. There are now some 2,000 digital startups, many of which are using artificial intelligence to analyze the troves of data created every day....

Case Study: Using Artificial Intelligence to Improve Underwriting | LendIt

March 2017

As lenders dabble with artificial intelligence in credit decisions, debate has stirred around whether AI and even more traditional decision-making algorithms can be trusted to make sound decisions...

How Underwrite.ai makes lenders money | Lending Times

March 2017

There has been an increasing trend of late of FinTech companies using artificial intelligence and machine learning technologies for a variety of purposes. Some financial technologies rely on AI or machine learning for core functionality. Others use automation as an add-on to an already powerful solution. Either way, machine learning is quickly becoming the wave of the financial future...

 

If you are a journalist interested in the use of artificial intelligence in financial services, you can reach Marc Stein at (617) 545-7171.