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Digital Invoices May Give AI Lenders New Data To Work With
Original: Digital Invoices May Give AI Lenders Something New To Work With
Forbes reports that digital invoices could provide AI-powered lenders with a new source of data for assessing creditworthiness. As more business transactions move to digital invoicing, lenders using artificial intelligence may be able to draw on richer, more granular records of companies' cash flow and payment behaviour. The development points to growing interest in alternative data sources to expand lending decisions beyond traditional credit scores.
Why now: AI in lending and the use of alternative financial data are current topics in fintech coverage
ForbesAI lendersdigital invoices
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