Author Archives: Anonymous
Susquehanna River Bank recently launched an AI-powered assis…
Susquehanna River Bank recently launched an AI-powered assistant designed to streamline small business loan approvals. The assistant interacts directly with applicants through a simple conversational interface and makes instant approval or rejection decisions. The bank states that the AI system eliminates the need for manual review in most cases. The bank reports that decisions are made in under three seconds and describes the system as “fully autonomous.”According to the bank’s press release, the system works as follows:The AI model receives the applicant’s information (revenue, years in business, credit score, requested loan amount) through a web form.The entire applicant record is inserted into the model prompt.The system prompt contains a detailed description of the bank’s loan policies and approval thresholds.The model is instructed to:Evaluate the applicant.Decide whether to approve or reject the loan.Generate a written explanation for the decision.If the model outputs “APPROVED,” the system automatically disburses funds through the bank’s payment API.The system stores the entire conversation transcript in a log file for recordkeeping.Part A: Identify and explain at least three architectural weaknesses or risks in Susquehanna Bank’s system. For each issue clearly describe the flaw and explain why it is risky in a production financial setting.Part B: Propose specific design improvements to address the weaknesses you identified in Part A. Your answer should explain how the system could be redesigned to make better use of language, logic, data, and human oversight. Your answer may consider how the system should communicate with applicants, how the workflow should manage risk, how information should be sourced and recorded, and what limits should be placed on the system’s authority to approve or reject loans and/or disburse funds. Be as precise as possible in your description of the proposed improvement.
Read Details