Tag Page FinancialInclusion

Should AI Help Banks Lend, Not Fire?

Ever wonder why banks use AI to cut jobs instead of helping more people get loans? Sopnendu Mohanty from GFTN says banks should use AI to make it easier for folks without fancy assets to borrow money. Instead of just speeding up paperwork or letting go of staff, AI could help banks spot trustworthy borrowers—even if they don’t have collateral. That means more people could finally get access to credit, not just the wealthy! #Business #AIinBanking #FinancialInclusion