AI & Tech
Sequence Holdings CEO Michael Lee claims BankSouth cut consumer underwriting time by 94%
No Priors Podcast
Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee
What was said
"What we've done now today is we've built a system that can take take on all consumer loans within the organization. So the average consumer underwriting today has decreased by 94% since we got started in March."
Michael Lee, co-founder and CEO of Sequence Holdings, says that after Sequence became involved with community bank BankSouth in March, the firm built a system to handle the bank’s consumer loans and that “average consumer underwriting” time has fallen by 94% since then. Lee presents this as part of an effort to reduce manual input work and shift underwriters towards exception handling.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Speaker
- Michael Lee · guest
- Programme
- No Priors Podcast
- Episode
- Re-Founding Incumbents for the AI Era with Sequence Holdings Co-Founder and CEO Michael Lee
- Clip time
- 32:21
- Original source
- Watch the source segment →
From this episode
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