Technology and Lending: A Changing Landscape
As lenders continue to evaluate and update their technology, AI companies are exploring new ways to teach robots to perform household chores.
Interestingly, some AI companies are paying individuals to fold laundry in front of robots, allowing them to learn from these interactions.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
The Evolution of Automation
Robots and automatic machines have been around for centuries, with the French being at the forefront of this technology over 250 years ago.
Crypto Scams on the Rise
Unfortunately, the rise of crypto ATMs has led to a surge in scams, with Americans, including potential borrowers, losing millions to scammers who prey on those looking to make a quick profit.
Crypto scams have attracted individuals who are more focused on making money than considering the impact on their victims.
- Borrower monitoring
- AI processing
- DPA
- Verification tools
Author's summary: Lenders update technology amidst rising crypto scams.