In the recent “Code and Capital” video series by Finovate, Gabriele Sabato, co-founder and CEO of Wiserfunding, explored the transformative impact of AI on credit risk management, highlighting advancements in assessment accuracy and the challenges of integrating AI into financial institutions.
In today’s volatile economy, AI’s role in credit risk is crucial for quick and accurate decision-making, particularly for SME lenders requiring precise assessments. Let’s explore the key takeaways from Gabriele that are especially important to consider.
AI has evolved to process unstructured data: Recent advancements in AI have enabled it to interpret unstructured data, such as text and images, which were previously challenging to analyse. This capability leads to more comprehensive and accurate credit risk assessments.
AI-driven solutions provide a competitive edge: AI automates data processing and analysis, speeding up and refining the credit assessment process, which helps institutions stay ahead in a fast-changing market and make smarter lending decisions more quickly.
At Wiserfunding, AI accelerates the transformation of large volumes of data into actionable insights, improving credit risk assessments and helping SME lenders stay ahead in a rapidly evolving market.
Watch the complete interview here:
SIMILAR POSTS
12 April 2022
New members of Wiserfunding’s Advisory Board
Wiserfunding welcomes Kathleen Traynor Derose, Patrizio Messina, Joao Douat, Tony Kao and Mark Kronfeld as new members of the Advisory [...]
24 March 2022
Weak business models to blame for the collapse of UK energy providers
This week, we released research into the UK energy sector, which highlighted systemic shortcomings in the assessment of dozens of [...]
11 January 2022
Fintech Solutions to Drive Economic Recovery in the SME Space
As a “nation of shopkeepers,” the United Kingdom is an ideal case study for examples of what businesses need to [...]
