AI in Lending Market: Redefining Credit Scoring with Big Data

Fri, 03 Jan 2025 17:16:26 +0000

The AI in Lending Market is revolutionizing the way financial institutions and lenders approach loan approvals, credit scoring, and customer service. Artificial Intelligence (AI) technologies, such as machine learning, deep learning, and data analytics, are being increasingly integrated into the lending process, transforming traditional methods that were slow and manual. This technological shift is not only making the loan process faster and more efficient but also helping lenders to make more accurate and fair lending decisions, benefiting both borrowers and lenders alike.The Global AI in Lending Market size is expected to be worth around USD 58.1 Billion By 2033, from USD 7.0 Billion in 2023, growing at a CAGR of 23.5% during the forecast period from 2024 to 2033.