AI and automation were at the forefront of the world in 2023, and the equipment finance industry joined in with discussing and experimenting with the technologies.

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Happy Holidays and Season’s Greetings. We find ourselves in that time of year again – snow shoveling, gift wrapping, overeating, gathering with family, and looking both ways before we cross the busy road of technology trends.

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In her role as a data scientist, Voloshyn will support the development and optimization of Tamarack’s suite of AI products. This includes developing algorithms and models to support the machine learning (ML) processes that drive Tamarack Predictors, using ML to classify and categorize customer data, and developing new products and tools to keep Tamarack at the forefront of the industry.

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Many technology and operational leaders will read the 2023 US Bank CFO report and say – “Cost control is a nail again and technology is the hammer. Nothing new here.” But this would be a short-sighted read and miss the opportunity to partner with the CFOs to leverage the most impactful technology trend in the past 20 years for equipment finance, AI.

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AI was the topic at this year’s ELFA annual convention. Here are five takeaways Scott Nelson, president and CDO of Tamarack Technology, gleaned from the presentations and discussions at the convention.

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Tamarack Technology has released a comprehensive whitepaper aimed at guiding equipment finance companies in harnessing the potential of AI for effective risk management and decision-making.

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