Luna Connect Blog

Claire Gallagher

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Artificial Intelligence (AI) is the secret to future growth of lending with Luna Connect

Mar 7, 2021 11:03:49 AM / by Claire Gallagher posted in AI

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What Is Artificial intelligence (AI)?

Artificial intelligence (AI) is used in various aspects of our lives and every day we are surrounded by companies, technologies and devices that use AI. You unlock your phone using face recognition, social media personalises your feeds, spam emails are filtered from your inbox and banking systems determine if your latest purchases were fraudulent. 2020 will go down in history as a pivotal time for digital transformation. In 2021, what may have until recently felt new, exciting and progressive is now becoming the norm.

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Data Analytics is more important that ever during COVID-19

Jul 2, 2020 9:20:35 PM / by Claire Gallagher posted in Luna Connect, AI, Data, Analytics

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Data is changing our world and the way we live at an unprecedented rate, Experian’s 2020 Global Data Management report says "85% of organisations see data as their most valuable asset". The amount of data collected, stored and analysed daily is increasing exponentially, and technologies and storage capacities are becoming more advanced year by year. IDCs Data Age report forecasts 175 Zettabytes of data by 2025, if this was stored on DVDs, the stack of DVDs would circle Earth 222 times.

However, data has no value unless information can be extracted and transformed into knowledge. Data Analytics uncovers meaningful and useful insights by discovering relationships within data, detecting patterns, and most importantly extracting insight.

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Top 5 lessons learned about lending and AI

Oct 1, 2019 8:35:00 PM / by Claire Gallagher posted in Luna Connect, AI, Digital Lending, SME Lending

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We are thrilled to be participating in Data Pitch, an open innovation programme that helps start-ups and SMEs innovate with data. On the Data Pitch Accelerator, Luna Connect applied machine learning models to automate lending for SMEs across the UK and Ireland, therefore providing quicker lending decisions.

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