Gerald Chappell news and trends

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Abound CEO Says AI-Driven Lending Still Needs People to Perform

March 22, 2023
Traditional consumer credit scoring, which overlooks a large proportion of the population, may have been the norm for years, but Gerald Chappell, CEO and co-founder at U.K.-based open banking startup Abound, says that needs to change. “Traditional credit scoring is really good at separating your prime customers from your near-prime customers but works very poorly […]