First Internet Bank Bets AI Means More Loans, Not Fewer People
By PYMNTS
AI summary of the source article
First Internet Bank of Indiana reduced compliance review times for SBA loan applicants by 87% using AI agents from Bretton AI. Loan reviews that previously took eight to 10 hours now take less than an hour.
Key facts
- First Internet Bank of Indiana cut compliance review times for SBA loan applicants by 87% using AI agents.
- Reviews decreased from eight to 10 hours to less than an hour.
- First Internet Bank is a $6 billion-asset digital bank using technology from compliance company Bretton AI.
Source excerpt · PYMNTS
First Internet Bank of Indiana has cut compliance review times for Small Business Administration (SBA) loan applicants by 87% using AI agents, according to a case study from artificial intelligence compliance company Bretton AI. Reviews that took eight to 10 hours now take less than an hour. The $6 billion-asset digital bank plans to use […] The post First Internet Bank Bets AI Means More Loans, N…