INTERVIEW: Rakuten Bank to Test AI for Loan Screening

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Tokyo, Aug. 14 (Jiji Press)–Rakuten Bank President Tomotaka Torin has said that the internet-only bank will introduce artificial intelligence on a trial basis for screening housing and real estate-backed loan applications. “I have high hopes (for AI’s potential),” Torin said in an interview. “The key is how quickly we can grow and utilize AI,” he said. Torin also mentioned a plan to develop…

Tokyo, Aug. 14 (Jiji Press)–Rakuten Bank President Tomotaka Torin has said that the internet-only bank will introduce artificial intelligence on a trial basis for screening housing and real estate-backed loan applications. “I have high hopes (for AI’s potential),” Torin said in an interview. “The key is how quickly we can grow and utilize AI,” he said. Torin also mentioned a plan to develop…