How machine learning and financial technology are transforming the lending sector
The lending ecosystem around the world has been at the centre of significant changes in the last decade. From financial technology disrupting the financial services sector industry with highly efficient and cost-effective processes, to stringent regulations following the 2008 global financial crisis, the growing technological intervention has played a significant role in the rapid evolution of the lending industry. One such technology is machine learning which has begun to create new and highly promising avenues in the lending market.
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