You are undoubtedly aware of the artificial intelligence revolution we are all living through. Even though popular tools like ChatGPT have only been out for about a year, they’ve already made a major impact—to the point where the global AI market size is expected to reach a staggering $407 billion by as soon as 2027. ChatGPT itself had over a million users within the first five days of going live.
Of course, this demands the question: is AI a good thing or a bad thing for the world of lending in the credit union industry? Answer that question by keeping a few important things in mind about the pros and cons of this innovative technology.
PRO: An improved member experience
continue reading »