Lenders are continually updating their technology, eliminating unused or outdated tools, and exploring new ones, all while being cautious of negative developments in the IT world.
Meanwhile, AI companies are teaching robots to perform household chores by paying individuals to fold laundry in front of them, which may eventually lead to robots being able to do tasks on their own.
Robots and automatic machines aren’t new (the French were cutting edge 250 years ago).
However, with the rise of technology, there are also increasing concerns about scams, such as those involving crypto ATMs, which have resulted in significant financial losses for Americans, including potential borrowers.
Crypto scams have attracted people looking to make money, often disregarding the harm caused to victims.
Technology advances, but scams and challenges persist, affecting lenders and borrowers alike.