The idea that “risk never sleeps” came up at Tamarack recently when we were re-training our AI-based delinquency predictors. A team member pointed out that “the predictors are getting tougher.” My first thought was: “Well, that’s not surprising, delinquency risk has been growing.”

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Are you getting tired of hearing about AI yet? Do you find headlines like “Why I can’t live without ChatGPT” or “AI can’t do my job” (I paraphrased both of those titles) esoteric, intimidating, or just plain boring at this point?

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One of the oldest and most common business plans in equipment finance is the broker-to-lessor transformation and goes like this: establish one’s brand as a finance broker, build customer and lender relationships, grow the business to the point where one can secure funding for the paper and become a lessor. One could say it’s a straightforward three-step process.

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