How AI Is Shaking Up Banking and Wall Street

One Theory Has Arisen in the decade since the subprime mortgage crisis: Machines may be better than humans at giving out home loans. A new Fannie Mae survey of mortgage lenders found that 40% of mortgage banks have deployed A.I.—using it to automate the document heavy application process, detect fraud, and predict a borrower’s likelihood of default. READ MORE ON: FORTUNE

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