The news beat on AI continues as, “You must have it!” But now we also hear “companies are struggling with AI” too. One recent survey found that 71% of CFOs are "flying blind" and struggling to monetize AI. Initiatives built around a disruptive technology like AI are always challenging because both the technology and its applications are unfamiliar. In the case of AI they can also be abstract. “Work smarter not harder” is a great tagline, but “smarter” is hard to measure without standardized testing.

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AI is reshaping risk management in equipment finance, helping lenders use data not just to avoid or transfer risk but to predict, engage and manage it more strategically. Managing risk is core to equipment finance operations and capital. Risk — the potential of unwanted outcomes — emerges in all shapes and sizes and the industry has instinctively looked to data to help manage risk.

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Tamarack's Scott Nelson was featured on the Monitor Podcast episode 134 with Spencer Thomas of KLC Financial and Alistair Canal of Syndifi. Watch the episode and read more about the collaboration that fueled innovation in equipment finance.

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After attending the National Equipment Finance Association’s (NEFA) Fall Conference in Minneapolis, I can honestly say this year’s event stood out as one of the best. The conference brought together a great mix of lenders, brokers, service providers and technology partners to discuss where our industry is headed and how we can all continue to improve.

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Tamarack team members have been recognized by the Monitor in its annual listing of the “Most Influential People in Equipment Finance.” The list celebrates the changemakers, innovators and people working behind the scenes to shape the future of equipment finance.

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The latest edition of the CLFP Foundation Circular features a spotlight on Tim Appleget, CLFP. In the profile, he shares insights from his experience in equipment finance and technology, emphasizing professional growth and the value of continuous learning within the CLFP community. He also highlights how collaboration and knowledge-sharing continue to drive the industry forward.

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