fintech
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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Equipment Finance companies and banks are two industries irreversibly tied together by funding. The partnership is often collaborative, sometimes competitive and sometimes strategic via mergers and acquisitions.
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Monitor checked in with four technology leaders to learn more about how AI is impacting the industry and which technology is table stakes today. They also share one vital message for equipment finance leaders.
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A combination of new demand and new competitors has brought equipment finance to a turning point where business-as-usual is no longer an effective approach and the risk of stalling out is a real probability.
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St. Paul, Minn. (July 7, 2021) —Tamarack Technology, Inc., a leader in providing independent software solutions in the equipment finance and commercial lending industry, is proud to announce that its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault, Minn.-based Reliance Bank. In his role on the advisory board, Nelson will provide Reliance with guidance on adoption and advancement of digital technology.
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