The dawn of a new era is here. An era that is more evolved, more developed, and many more miles technologically ahead than what could ever have been imagined or encapsulated even 20 or so years before. Artificial intelligence and machine learning are at the forefront of this new change, and everything around is faster, automated, and more advanced.
From cars on auto mode to smart home, smart factories, speech recognition, the impact is overwhelming, and the Alt lending sector is at the helm, leading right from the forefront, charging into the times ahead riding on this wave of Big Data.
Still wondering how A.I is revolutionizing our Alt-lending sector to make it more accessible, more user-friendly, more relevant for your business needs. Keep reading to find out more.
Broadly speaking, AI:
- Makes accessible data more relevant.
- Cuts down on processing time through automation.
- Minimizes the risk of human error.
- Provides seamless and continuous 24X 7 customer service through automated chatbots like those in operation at Mantis Funding Customer Service.
So, paramount is the influence of AI on Alt-finance that it is being speculated that the next 15 years could see a huge paradigm shift in the workforce dynamics with the introduction of robotics, which will further cut down our cost of business by 75%, allowing us to offer more cash advances at better and competitive rates of interest.
The future only looks brighter with the rapid advances in the field of Cloud computing, open-source software, and big data. A whole world, still unchartered, remains to be explored and conquered, and this could only spell better business and more growth.
Let me just give you a sneak peek into how we are able to take huge leaps of faith backed by data to make financing easier and more accessible to you –
1 – AI allows us to sift through huge volumes of data to target the optimal clients, and what is of real significance is that the data is relevant, meaningful, and contextual. The use of “optimal lender to SMB match algorithm ensures we are not grappling our way in the dark but reaching out to those who matter most through in-depth analysis of matching parameters.
In other words, it guarantees that you, who are looking for a certain type of Cash Advance based on your requirement and ability for your business needs and we who are offering the same, meet with no hassle, no loss of time, and no blank calls. No multiple applications needed and certainly, no more waiting at Mantis Funding Cash Advances.
2 – All applications received at our end at Mantis Funding Complaints are scanned, validated, and cross-verified through AI-backed processes over-riding any chance of human error and resulting in higher approval rates.
3 – AI technology helps us at Mantis Funding Cash Advance to thoroughly analyze the needs of each business sector and prepare to customize funding profile in the form of a simple scoring system and LendingScore TM (the latest FICO for the small business ending) dashboard which shows us in a measured way the gaps in the business and the best way to cement those gaps.
4 – And that is not all. The use of AI in our line of business allows us to help those businesses too, which do not qualify for a business loan through any conventional or non-conventional route and be able to invest in them through predictive algorithms, thus targeting some of the critically unsolved problems in this area of business.
So, whether it is optimizing costs, meeting margins, and exceeding customer expectations, Alt finance is doing all these and more by embracing and adapting AI for a brighter, better world.