TLDR Tech / Fintech
TD Bank says AI is cutting mortgage approvals from 15 hours to 3 Minutes
TD Bank says agentic AI is starting to reshape core banking operations, reducing mortgage pre-adjudication times from 15 hours to just three minutes while expanding its use across lending, fraud detection, and customer service. The bank expects AI to generate more than $500 million in annual cost savings and a similar amount in revenue uplift, highlighting how automation is becoming a meaningful profitability driver for large financial institutions.
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