Part 8/9:
AI and the Future of Lending
The role of AI in shaping the future of access to capital is a topic that both Alex and Jay are passionate about. While they acknowledge that AI has the potential to provide valuable insights, they also stress the importance of ethical considerations and the need for safeguards against exclusionary practices.
Their approach encourages the use of AI to facilitate communication between lenders and borrowers, ensuring that valuable insights are shared without compromising the integrity of the lending process. By shifting the traditional lending paradigm away from binary decisions, Parlay aims to create a more nuanced evaluation framework that opens doors for a broader range of applicants.