#FinTech #ArtificialIntelligence #AI

Financial firms were the early adopters of the mainframe computer, relational databases, and have eagerly awaited the next level of computational power. Fintech companies are able to solve human problems by increasing efficiency. Artificial Intelligence improves results by applying methods derived from aspects of Human Intelligence at a beyond human scale. Technologies like Machine Learning, Artificial Intelligence, Neural Networks, Big Data Analytics, evolutionary algorithms, and much more have allowed computers to crunch huge, varied, diverse and deep datasets than ever before has revolutionized the FinTech companies.



Data is a requisite condition for lending companies to grow. The first is you need to be able to acquire consumers for very, very low cost at scale, which means millions of consumers have to find you and you have to be able to serve them for a very, very, low rate. Secondly, you have to be able to underwrite them using something proprietary - proprietary data, proprietary models, proprietary technology. The third is you need to have access to very low cost capital. Like, you need to acquire flywheels that bring you customers at a very low cost. That's exactly what LazyPay is. A survey reveals, Lazypay and buy-now-pay-later brings millions of customers each month for free. We also get a lot of data insights.


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Artificial Intelligence helping FinTech companies to grow.