Finance
Deutsche Bank cuts corporate loan screening time with AI from weeks to minutes
Deutsche Bank has used artificial intelligence to cut review times for some corporate loans from weeks to minutes. The bank has operated a new AI system since this summer, with the biggest gains for small companies with simple corporate structures. CTO Marijan de Verdier said AI quickly analyses needed information. CEO Christian Sewing has outlined a shift to an AI-based bank supported by an internal platform called ADA.
