Technology and Lending: A Changing Landscape
Lenders are continually updating their technology, eliminating unused or outdated tools, and exploring new ones. Meanwhile, the IT world is experiencing negative developments.
Artificial intelligence (AI) companies are teaching robots to perform household chores by paying people to fold laundry in front of them. This innovation has been a long time coming, as robots and automatic machines have been around for over 250 years, with the French being at the forefront of this technology.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
A more concerning issue is the rise of crypto scams, which are costing Americans, including potential borrowers, millions of dollars. These scams often target people looking to make money, regardless of the harm caused to victims.
For more information on the latest technology and trends, tune in to the L1 show, where Ben Teerlink, Founder/CEO of MMI, will be interviewed today at 11AM PT.
Author's Summary
Lenders update technology while AI and crypto scams rise.