Fintechs often still have humans review docs, websites, perform web due diligence etc. Efficacy has vastly improved at these validation steps with the assistance of LLMs.
Interesting to hear that your previous bank has automated all of low/medium risk already, from what we have seen more traditional banks are far behind fintechs and are more risk averse in using new technologies. Nice to see that's not the case with all traditional banks.
Fintechs often still have humans review docs, websites, perform web due diligence etc. Efficacy has vastly improved at these validation steps with the assistance of LLMs.
Interesting to hear that your previous bank has automated all of low/medium risk already, from what we have seen more traditional banks are far behind fintechs and are more risk averse in using new technologies. Nice to see that's not the case with all traditional banks.