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How AI Technology is shaping the Future of Consumer Credit?
AI (Artificial Technology) has lots of promises in almost all fields of life. Similarly, AI has also some promises in the financial sector. It is helping the industries and consumers in various ways like it is enhancing the userexperience of the consumers and it is also automating the payment process. AI is also transforming the financial services of different industries in different ways. According to statistics, the banking sector will save$1 trillion by using AI services until 2030. Till 2022, there will be a 14% increase in the AI financial services jobs. Here, we will discuss how AI technology is shaping the future of consumer credit. Customer Service: All the financial institutions are providing the AI services to their customersto provide the best services and to solve problems of the customers. To provide the best solutions to the problems of the consumers, they have to evaluate the huge amount of data. To evaluate such a huge amount of data for a financial company ...
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