AI cuts some Deutsche Bank corporate loan decisions to minutes
AI is helping Deutsche Bank cut decisions for some smaller corporate lending from weeks to just minutes, its new technology chief Marie-Jeanne Deverdun told Reuters.
The project, which went live in the summer, also reduces the time taken to make some lending decisions for multinational corporations from months to weeks, said Deverdun, who joined Deutsche Bank’s management board this year.
“For smaller corporates, which are less complicated in their setup and their legal structure, we’re talking weeks to minutes,” Deverdun said in an interview.
