Lenditt

Artificial intelligence (AI) has gained popularity in the years of its launch, worldwide. Several industries, sectors, and businesses are adopting AI to minimise efforts and profit in business operations. Some of the salient features of AI that include quantum computing, data processing, human cognition, facial recognition, automation, improved customer service, and handling other repetitive tasks smoothly. AI in the Financial Sector! AI has advanced human capabilities, and become a must-have integration tool for several industries, including the finance sector. A giant leap has been seen in the BFSI (Banking, Financial Services, and Insurance) industry. Every financial process has been digitalised, offering users quick finance services, from everyday transactions to borrowing money. AI has primarily reduced the manual effort required to process online personal loan applications, automation, and managing dashboards, resulting in lowered operational costs, lower interest rates, and...

Think of a situation where you are scrolling through your phone, worried about your upcoming bills. And then, suddenly, you notice an ad on your screen promising instant cash without any credit check. Sounds too good to be true, right? Well, that's because it probably is. The need for money can arise anytime and the availability of quick cash often seems appealing. But hiding in the shadows of convenience are cunning fraudsters, ready to hit us at any moment. These fraudsters create a web, a place where your dream of financial relief can quickly turn into a nightmare of stolen identities and empty bank accounts. The evolution of loans has become more sophisticated and even more complex in identifying these scammers. In this blog, we’ll make you a loan fraud detective, and by the end of this blog, you'll be equipped with the skills to protect your hard-earned money and help you avoid loan fraud online. Let us know some common loan scams that happen and the ways to protect yo...