Lendingkart, the Indian digital lending company, is using machine learning and artificial intelligence in its platform. This includes cash flow-based underwriting for SMEs and automation, as well as cloud-based technology.
Insurance companies warned about using ChatGPT for underwriting. The tool's reliance on good data makes it unreliable, according to Future Processing's Piotr Piekos. While companies can develop specialized tooling for ChatGPT, it's vital to invest in AI for customers' insurance journeys. This was discussed during a roundtable on the challenges of insurtech opportunities.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?