[notahacker]

The absence of human picking up obvious discrepancies the model isn't trained on or doesn't accept as inputs is an order of magnitude or three less expensive than making more bad loans (of the size/rate that aren't already determined by a basic credit check). Also, checking the loan matches the bank's credit criteria isn't the only task a bank employee performs during the course of their employment, which likely includes quite a few the AI is utterly terrible at, like talking to people.