a16z Podcast: Money, Risk, and Software
a16z Podcast
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Transforming Lending: The Future of Banking
This chapter explores the changing dynamics of banking and lending, emphasizing the challenges and shortcomings of traditional credit scoring systems like FICO scores. It highlights the importance of transparency and the potential for technology to create more inclusive and accurate credit assessment methods. Additionally, the discussion addresses the ethical implications of high-interest lending and advocates for regulatory measures to protect borrowers while promoting sustainable lending practices.
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