AI is increasing SMB lending?

According to a case study from Uplinq and Visa, AI-powered underwriting reduces underwriting costs by 50% and reduces credit losses 15 fold, enabling banks to approve more loans. Demand for loans is high, with 41% of SMBs having credit limits of less than $50K. Of these, 21% use more than 75% of their available credit line. #IdeaoftheDay