Cash Flow Analytics The New Frontier in AI-Based Lending
In the past two or three years, a revolution has been quietly in the making that promises to reshape lending to consumers and businesses all the world over. The revolution is called Cash Flow Analytics. Driven by large increases in the availability of alternative data and the latest AI tools to rapidly identify key patterns within the data, it can greatly speed up loan decisioning by underwriters while substantially reducing the risk of poor lending decisions.
Spurred by the pandemic, banks are increasingly realizing the benefits of this approach, especially for risk. According to a recent article:
Popular Bank automates lending decisions with Biz2X
Popular, Inc. is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico,
Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries.