Equipment Finance
Equipment financiers are adopting AI-driven technology though potential biases in the algorithms present concerns.
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The last few years of record inflation and high interest rates have transformed the equipment finance ecosystem. What some consider “another typical transportation downturn” has been accompanied by what is likely a lasting retreat by banks as the industry’s primary funders.
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Tamarack Technology, Inc. and Colorado-based Better Programs, Inc., owner of TURBO-Lease™ software, have formed a strategic partnership to help small and startup equipment finance companies make better use of the data generated by their businesses and elevate customer service through digital transformation.
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Technology adoption growing in equipment finance ABS
Small- to medium-ticket delinquencies down 16 bps YoY
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