How have Big Tech firms positioned themselves to offer credit and lending products to consumers and businesses and AI$$s implication on consumers and insurance companies?

Please Include:

Background $($business evolution$)$ of Big tech firms and traditional financial institutions

What are the current products$/$businesses captured by the Big tech firms which were generally in the domain of traditional financial institutions?

Provide examples of Big tech firms providing credit and lending products to consumers and businesses.

AI$$s implication on consumers and insurance companies for AI$$s penetration in underwriting, claims processing, and customer service activities for the insurance business are discussed.