A Lenders' Roadmap to AI Adoption
Due to COVID-19 scrambling the consumer credit picture, lenders are adopting new technology to more effectively assess credit and loan eligibility. However, with AI project failure rates nearing 50%, the need for a proven roadmap is critical. This guide provides a step by step approach and best practices from lenders who have moved to AI-powered underwriting to gain a more holistic picture of consumers and make better and faster decisions.
You will learn how to:
- Select the right goals and metrics to establish ROI
- Communicate AI’s impact to stakeholders (executives, compliance, underwriting, modeling, regulatory, and IT)
- Choose a path to AI Adoption (buy vs. build)
- Execute your AI strategy (project timelines, data considerations, and more)
- Optimize your AI investment