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.

Om Podcasten

Leaders In Lending is a show for lending professionals who want to grow their consumer lending programs and improve their consumer experiences. Consumers continue to expect faster, easier online experiences from every company—and our knowledgeable guests will share how they are bringing their organizations and lending products forward into the future. Every week, Leaders In Lending will bring you actionable advice and key learnings from experienced leaders to help you navigate the future of consumer lending.