Technological Advancements and Challenges
While the tech world continues to evolve, lenders are updating their tools and monitoring systems, including borrower monitoring, AI processing, and verification tools.
Interestingly, AI companies are teaching robots to perform household chores by paying people to fold laundry in front of them, in an effort to advance robotic capabilities.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
Meanwhile, crypto scams are on the rise, with Americans losing millions to scammers at crypto ATMs, highlighting the need for caution and awareness in the digital age.
Historically, robots and automatic machines have been around for centuries, with the French being at the forefront of innovation 250 years ago.
Author's summary: Lenders update tools amidst rising crypto scams.
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