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Artificial Intelligence (AI) is a much talked about phenomenon these days. Our sense is that for most people it is still a fairly abstract or esoteric idea. We thought we would spend some time breaking it down, specifically as it relates to small business lending. Let’s start with a primer Artificial Intelligence is the science…
2020 was a crazy year There is no need to belabor the point with superlatives. However, some usage data from across the JUDI platform is quite interesting: In April 2020, (as the economy was grinding to a halt and small business lending was being nationalised in both Canada and the US), application volumes fell by…
[Vancouver, B.C., Canada – December 3, 2020]: Interior Savings Credit Union (“Interior Savings”), one of Canada’s leading credit unions, announced today that in partnership with JUDI.AI, it has launched a digitally automated lending solution for small business banking members. The JUDI.AI solution enables current and prospective Interior Savings members to easily apply for a small…
At JUDI.AI we’ve started to see the immediate effects that COVID-19 is having on the small business community and the demand for access to credit. Small business loan applications have increased by 49% across our Canadian customers compared to previous weeks and we foresee these numbers continuing to trend upwards in the coming weeks. The…
