Lenders reveal best technology features for credit risk management
The COVID-19 pandemic made 2021 a challenging year for businesses. Lenders saw many of their customers enter forbearance programs, and they are looking for solutions to manage the risk. In Brighterion and LendIt’s annual survey report, AI perspectives: credit risk and lending, we see that half of the lenders surveyed are already using AI for credit risk management, while another 35% say they plan to use it in the future to reduce risk and support their customers by preventing delinquency.
By understanding industry attitudes around AI use for credit risk in a dynamic economic landscape, lenders can position themselves competitively and securely while adopting transformative technologies.
Read the report to learn:
- How COVID-19 affected lenders in 2020-21
- The technology investments lenders are planning for 2022
- About the credit risk models that provide lenders with the greatest ROI