Technology and Lending: A Changing Landscape
As lenders continue to evolve and adapt to new technologies, they are also reviewing and updating their tools to stay ahead of the curve. Ben Teerlink, Founder/CEO of MMI, will be discussing these developments on the L1 show.
Meanwhile, AI companies are exploring new ways to teach robots to perform household chores, such as folding laundry. This raises questions about the potential for robots to take over mundane tasks.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
Crypto Scams on the Rise
Unfortunately, the rise of cryptocurrency has also led to an increase in scams, with Americans losing millions to scammers at crypto ATMs. These scams often target unsuspecting individuals who are looking to make money quickly.
As technology continues to advance, it's essential to stay vigilant and aware of potential risks and scams. The intersection of technology and lending is a complex and rapidly changing landscape.
Author's summary: Lenders adapt to new tech while scams rise.
- Borrower monitoring and AI processing are key areas of focus.
- Events and training are crucial for staying ahead of the curve.
- Robots are being taught to perform household chorers.
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