Boosting SMB Loan Approval Rates with Artificial Intelligence
Financial institutions are investing in small business lending technology as AI presents an opportunity to boost approval rates. In the fourth quarter of 2024, fewer than half of small business loan applications in the United States were approved, according to Statista. “Despite the fact that a lot of things have improved with technology, small business […]
The post AI to improve SMB loan approval rates appeared first on Bank Automation News.
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