The Steady Adoption of AI & Machine Learning in Credit & Banking

The more banks lend, the better they do and the broader their customer base becomes. With AI & ML, banks can lend to a larger set of customers — those who are perceived as high risk — with a greater level of certainty that there won't be undue losses. Despite this, many banks and regulators remain uneasy about the outcomes. Tom Faughnan , EVP & Director of Consumer Lending at Associated Bank , is bullish on the potential of AI & ML. In this episode, he shares what needs to happen for regulators to give fintechs the green light. We discuss:- The opportunities and hurdles of AI & ML in credit decisioning- How to find the right fintech partner in the space- Aligning internal parties across business lines during the vendor management process- Navigating the mortgage space as rates rise To hear more from Leaders in Lending, check us out on Apple Podcasts , Spotify , or on our website . Listening on a desktop & can’t see the links? Just search for Leaders in Lending on your favorite podcast player.