Technology and Lending: A Changing Landscape
Lenders are continually updating their technology, eliminating unused or outdated tools, and exploring new ones, all while being mindful of the potential pitfalls in the IT world.
Meanwhile, AI companies are working on teaching robots to perform household chores, such as folding laundry, in an effort to advance their capabilities.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
Despite the advancements in technology, Americans, including potential borrowers, are falling victim to crypto scams at ATMs, losing millions of dollars.
Crypto scams have attracted individuals looking to make money, often without regard for the victims.
Author's Summary
Technology is evolving, but so are scams, affecting lenders and borrowers alike.
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