The introduction of AI caused a significant upheaval in the banking business. Fintech is using AI to improve speed and efficiency, enhance the client experience, provide specialized financial services, and detect and prevent fraud. Artificial intelligence and financial technology have transformed India's lending industry. Using AI and fintech developments, you may obtain optimal loans at lower interest rates faster than past methods. AI has a huge impact on the lending business. In this article, we'll look at how to leverage technology to make the loan application process more efficient and cost-effective. We will discuss the benefits of artificial intelligence in the lending industry, as well as how it is being used.
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