Allica Bank goes ‘turbo’ on AI as profit and loan book swells

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Small business lender Allica Bank has revealed a major bump to its bottom line after the bank’s loan book ballooned over the last year.

The neobank – which became one of the UK’s latest fintech unicorns this year – recorded a 23 per cent rise in pre-tax profit at £36.9m, compared to £29.9 million in https://www.cityam.com/allica-bank-goes-turbo-on-ai-as-profit-and-loan-book-swells/">[...]