Alexis Krivkovich’s Post

AI-powered credit models are proving to be a game changer. Stephen Hayes, Lenders Cooperative's Head of Data & AI Strategy, breaks down how these technologies can significantly enhance risk assessment, financial inclusion, and profitability in his latest article on Bank Director. In the he covers: • How AI credit models deliver better lending decisions by processing vast data • Tackling regulatory compliance challenges and bias in AI algorithms • The importance of model risk management (MRM) in ensuring fairness and transparency • Preparing for the impact of Section 1071 and turning compliance into a strategic asset Banks that master the AI and risk management balance will unlock $1 trillion in potential value. Read the full article here: https://lnkd.in/eFfgXfKX #AI #CreditModels #BankingInnovation #LendersCooperative #RiskManagement #FinancialInclusion #BankingCompliance #Section1071 #StrategicImperative #Fintech

As someone deeply involved in fintech, I can tell you firsthand how pivotal AI-powered credit models are in transforming risk assessment and driving financial inclusion. This is more than just a tech upgrade—it’s an opportunity to reshape how banks and credit unions operate and make smarter, fairer lending decisions. Stephen Hayes, our Head of Data & AI Strategy at Lenders Cooperative, just published an incredibly insightful article on Bank Director about the future of AI in banking and why it's a strategic imperative. Check out the article to learn about: • Leveraging AI for more accurate credit models • Balancing compliance with innovation • The critical role of model risk management • How Section 1071 will impact small business lending and data collection Full article: https://lnkd.in/ebXCEK98

Stay ahead of the curve and learn how AI can empower financial institutions to make faster and more accurate decisions. Check out the full breakdown now to unlock the potential of AI in streamlining bank statement analysis! #AI #Banking 💻🔍📊 https://bit.ly/3BpVWEM

Collection management has become crucial, and with AI-powered capabilities, there is potential for a significant shift in the approach to collection management. For more insights, read this article. https://lnkd.in/gTzvgnjH

🔮 Credit Management in 2025: Embrace AI, adapt to new regulations, and stay ahead of economic shifts! 💼 Protect your business with smart tools like UCC filings and mechanic's liens. Stay competitive and minimize risk in the new year! Learn more here: https://lnkd.in/gEFF9CP8

AI is streamlining loan origination by automating tasks, reducing errors, and accelerating credit decisions, enhancing efficiency in banking operations. Jump into this article by BAI to learn more about how AI is transforming loan origination 👇 #AI #loanorigination #finance #CX https://bit.ly/3YwDW57

Why SMEs can be the new engine of growth for the UK's traditional banks: Robert Wint encourages traditional banks to adopt AI and Machine Learning platforms to better serve SMEs and compete with challenger lenders.

The AI adoption rate in the finance sector has grown rapidly, with a significant portion of financial institutions incorporating AI into their lending processes. Learn more and uncover why: https://bit.ly/4hlmtn9

🚀 Amount has launched its AI Policy Optimizer. This innovative tool could change the rules of risk assessment and credit underwriting, plus pave the way for smarter lending solutions 🤖💳 https://lnkd.in/eRyPFCMd #AI #fintech #innovation

GenAI Reshaping Financial Services Efficiency and Client Experience Financial institutions are embracing generative artificial intelligence (GenAI) to enhance operations and customer service. From conversational analytics assistants to small business lending tools, GenAI is revolutionizing traditional banking methods. Despite its potential, consumer skepticism persists, emphasizing the need for transparency and oversight in AI deployment. Explore the future of finance with GenAI innovations. #FinancialService #AIinFinance #BankingInnovation https://lnkd.in/gHsRdDBP