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Truist boosts auto-loan approvals by 20 percentage points using AI

$556B bank exploring AI for loan servicing

Quinn Donoghue

Truist is leaning into AI-powered underwriting to increase approval rates and enhance customer experiences.   The $556 billion bank has boosted its auto-loan approval rate to roughly 75% from 55% by integrating an AI underwriting tool into its end-to-end digital lending process, Chief Consumer and Small Business Banking Officer Donta Wilson told FinAi News recently at […]

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