Speed is becoming a defining competitive factor in lending. AI-powered tools are enabling institutions to compress decision timelines from days or weeks into hours, with underwriting, data validation, and compliance integrated into a single workflow. As digital lenders and fintechs increasingly use advanced analytics to make faster and more scalable credit decisions, the greater risk for banks may be delaying modernization rather than acting too soon, this article says.
Are you using AI for processes like loan origination, underwriting, or credit risk management? If so, have you been able to materially reduce turnaround times for making loans? How are you ensuring that faster, AI-driven decisions remain compliant and can be explained to regulators?