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Commercial loans can take weeks to close, and Pennsylvania-based Customers Bank put its typical wait at 30 to 60 days. A pilot of its artificial intelligence (AI)-powered process closed select commercial loans in seven days, the bank said in July in its Q2 earnings release. Customers Bancorp, the bank’s parent with more than $27 billion […] The post Customers Bank Uses AI to Close Commercial Loans in 7 Days appeared first on PYMNTS.com.
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