how-can-ai-and-ml-change-the-leading-ecosystem

AI and ML technologies diversify the lending ecosystem seamlessly, efficiently, and effectively. The digitalized world we live in has enabled individuals and businesses to grow and keep ahead of their competition. Many mobile lending apps have exploded in India in recent years due to the increasing accessibility of smartphones. The government encouraged digitization in banking which resulted in financial technology (Fintech), firms racing to fill the gaps, especially in the category of digital loans. Disruptive technologies such as Artificial Intelligence and Machine Learning are gaining popularity in nearly every industry. The financial sector is also a beneficiary of large amounts of data.