AI Risk Management Whitepaper
AI ushers in the next generation of risk management for equipment finance
Risk management, and specifically credit risk management, is a core function of any equipment finance business. AI is at the heart of the next generation of risk management, and leaders who adopt AI to change how they manage business operations will reap greater rewards.
In this executive whitepaper we define risk and risk management as well as how probability and judgment play a role in decision-making where risk is involved. Then we examine how AI not only helps with risk management but also simplifies and accelerates risk-based decisions. We look at managing credit risk with AI and how it transforms the five C’s. Finally, we review some examples of how AI can reduce risk and help equipment finance companies achieve better outcomes faster.