Technological Advancements and Challenges
Lenders are continually updating and reviewing their technological tools, including borrower monitoring, AI processing, and verification tools, to stay ahead in the industry.
Meanwhile, AI companies are working on teaching robots to perform household chores, such as folding laundry, to improve their functionality.
Robots and automatic machines aren’t new, with the French being cutting edge 250 years ago.
However, with the rise of new technologies, there are also increasing concerns about scams, particularly with crypto ATMs, where Americans are losing millions to scammers.
Crypto scams have attracted individuals looking to make money, often disregarding the harm caused to victims.
Upcoming Events
- Ben Teerlink, Founder/CEO of MMI, will be interviewed on the L1 show at 11AM PT.
Author's summary: Lenders update tech tools amidst AI advancements and crypto scams.
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