In recent years, the financial industry has undergone significant changes, particularly in digital lending. Artificial intelligence revolutionises credit scoring by analysing diverse data points, enabling more inclusive assessments. Blockchain ensures transparent and secure loan verification, reducing fraud and enhancing trust. Mobile apps streamline borrowing, providing a user-friendly experience. In India, emerging trends include machine learning for predictive analytics and personalised loans based on behavioural data. Staying informed about these advancements empowers individuals to make informed financial decisions, making financial services more accessible and efficient for all.
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