The Impact of AI on Lending Efficiency
Published By Cornerstone Advisors

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For many credit unions and community banks, a lack of innovation in their lending operations results in inefficient processes.

This new Cornerstone Advisors report outlines the challenges that community-based financial institutions are facing and how AI can boost efficiency and success.

 

Download the report for more details on these findings:

• The second highest reported concern, after “Cost of funds”, included “Efficiency”
• 52% of respondents indicated it takes six weeks or longer to deploy a new credit model
• 80% of respondents believe AI technologies can and will improve the lending processes

For more than 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven‍solutions to build smarter banks, credit unions and fintechs. Cornerstone combines its expertise with proprietary data to help financial institutions thrive in today’s challenging environment.  ‍

Learn more at www.crnrstone.com