Customers Bank Uses AI to Close Commercial Loans in 7 Days
Commercial loans can take weeks to close, and Pennsylvania-based Customers Bank put its typical wait at 30 to 60 days. A pilot of its artificial intelligence (AI)-powered process closed select commercial loans in seven days, the bank said in July in its Q2 earnings release. Customers Bancorp, the bank’s parent with more than $27 billion […] The post Customers Bank Uses AI to Close Commercial…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.