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With the recent launch of OpenAI’s Chat GPT language processing tool, generative AI is becoming a hot topic. This newer iteration of artificial intelligence goes a step beyond merely analyzing data — it can actually create original content, such as text, images, and code.

While generative AI is popular these days for its ability to create text and images, its use cases extend far beyond written and visual content. In particular, generative AI is starting to be harnessed for the purpose of scaling business operations. In this blog post, we will discuss how AIO Logic uses generative AI within its AXIS software platform to tackle complex workflows and data management tasks in the commercial lending space.  

What is Generative AI?

Generative AI is a type of artificial intelligence that uses machine learning algorithms to draw patterns from existing data and generate new, original content. Advances in machine learning and the extensive accumulation of data in recent years have fostered the development of this technology that can emulate human creativity and innovation. 

There are two main frameworks for generative AI: Generative Adversarial Networks (GANS), and the more recent Generative Pre-trained Transformers (GPTs) framework. While both generate original content, the GPT framework is specific to language modeling and creating human-like text.

Generative AI has the incredible ability to increase productivity and further human innovation across a range of industries — from finance, to healthcare, to software development. Let’s take a look at the role of generative AI in the commercial lending segment — and more specifically, how AXIS by AIO Logic utilizes generative AI.

The Importance of Generative AI Technology for Commercial Lenders

Generative AI plays a key role in automating the loan management lifecycle. Commercial lenders deal with an incredibly high volume of data due to the complexity and high stakes of commercial lending. While lenders today have access to tools that can automate data acquisition, the process of parsing through data and taking meaningful action is something that is largely still handled manually.

In contrast, generative AI-powered tools like AXIS can do much more than just simply storing data nd facilitating manual management of loans — they can also pinpoint key data points, generate insights, and take relevant action.

How AXIS Harnesses Generative AI

AXIS uses a robust logic-based engine to automate commercial lending processes. Its generative AI engine tracks user patterns to further optimize data flows and workflows throughout every step of the loan lifecycle — similar to how a GPS optimizes a travel route between destinations in real time. 

Here are some ways that AXIS uses generative AI:

  • Determining borrower risk levels and interest rates
  • Applying business logic and performing unique calculations on a case-by-case basis
  • Aggregating and analyzing diverse data, and then providing answers and predictions
  • Creating custom loan structures 
  • Generating loan documentation with key data already filled in

Automate Loan Management With AXIS by AIO Logic

AXIS is an end-to-end loan management solution that utilizes powerful machine learning and generative AI to streamline the full loan lifecycle. Its rich feature set allows commercial lenders to service bespoke loan structures and more easily grow their portfolios. To learn more, visit aiologic.io.

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