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Fujitsu takes on fintech with AI credit-scoring tool for banks

Software meant to help understaffed lenders approve small-business loans

A Fujitsu data center: The Japanese IT company will offer a cloud-based credit-screening tool powered by artificial intelligence. (Photo courtesy of Fujitsu)

TOKYO -- Japanese information technology group Fujitsu will offer financial institutions a credit-scoring tool that uses artificial intelligence to screen prospective borrowers.

The Tokyo-based company envisions the cloud-based software, which will be available starting in October, being used by lenders mainly to assess small, owner-operated businesses.

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