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AI Use Cases for Credit Unions
Every profound transformation in the world of business has always been accompanied by a dash of alchemy, the kind that takes the raw, unrefined, and ordinary, and turns it into something extraordinary. Today, that transformative element is Artificial Intelligence (AI). As business leaders, we must understand this paradigm shift, especially in the context of credit […]
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Ten (10) use cases for AI and Data Analytics for the Development Bank of Jamaica
Credit Scoring and Risk Assessment: AI can be used to build accurate credit scoring models that consider alternative data sources, like mobile phone usage, social media, and utility payments. This can help the DBJ provide loans to SMEs that might lack traditional credit history. Example: The Asian Development Bank uses AI to assess credit risk […]
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Leveraging Data and AI for a Stronger Jamaica: The Development Bank of Jamaica’s Impact
The Development Bank of Jamaica Limited (DBJ) is a key player in promoting economic growth and job creation in Jamaica. With a mission to “facilitate sustainable economic development by providing innovative financing solutions to support Jamaican entrepreneurs and businesses,” the DBJ is well-positioned to leverage data analytics, business intelligence, and artificial intelligence (AI) to maximize […]
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