Technology Advancements and Lending
Lenders are continually updating their technology, eliminating unused or outdated tools, and exploring new ones. Meanwhile, the IT world is witnessing negative developments.
For instance,
AI companies are paying people to fold laundry in front of robots so they can learn to do household chores.
Robots and Automation
Robots and automatic machines have been around for centuries, with the French being at the forefront 250 years ago. However, the current focus is on their potential to perform household tasks.
Crypto Scams
A significant concern is the rise of crypto scams, which have led to Americans, including potential! borrowers, losing millions at crypto ATMs. These scams often target people seeking quick financial gains, disregarding the harm caused to victims.
Author's summary: Lenders update tech amidst IT issues and crypto scams.
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