In a significant move toward automated financial services, First Internet Bank has reportedly integrated Parlay Finance’s AI-native loan intelligence system. Banking executives suggest the technology could increase lending process efficiencies by up to 50% while delivering enhanced customer experiences for small business borrowers.
Banking Efficiency Transformation Through AI Integration
First Internet Bank has reportedly integrated Parlay Finance’s artificial intelligence-powered loan intelligence system, marking a significant advancement in digital lending technology. According to reports, the implementation could potentially increase efficiencies throughout the lending process by as much as 50% as the system enables the bank’s SBA lending operations team to eliminate manual tasks and gain deeper insights for loan decisioning.