Remove Credit Limit Remove Cybersecurity Remove Fraud Detection
article thumbnail

Avoiding AI Pitfalls in Financial Decision-Making

The Fintech Times

. “When AI tells you what you want to hear, you tend to ‘forget’ or at least minimise the risks that come with automation dependence, whether they relate to cybersecurity or to the higher, compounding transferability of errors due to interconnected systems.

AI 64
article thumbnail

What is the Role of AI in Lending and Loan Management?

Nanonets

This agility ensures that credit scores are not static snapshots but dynamic reflections of an individual's current financial reality. Enhanced Fraud Detection AI emerges as a formidable ally in the perpetual cat-and-mouse game with fraudsters. The algorithms are only as unbiased as the data on which they are trained.

AI 52