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Top Accounts Receivable Strategies for 2025

Gaviti

The key features of Gaviti include: Credit Management: Automation of credit applications and reviews, enforce credit limits, and monitor credit utilization. Gartner predicts that by 2027, 90% of descriptive and diagnostic analytics in finance will be fully automated.

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The CFPB section 1071 effective date

Abrigo

CFPB intends the data collected by lenders on each small business credit application to shed light on potential disparate treatment in loan terms, especially related to minority-owned small business applicants, including women-owned small businesses. This 2026 data needs to be reported to the CFPB by June 1, 2027.

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The Role of AI in Mitigating Credit Risk for Credit Managers and Reducing Default Rates

Emagia

AI is also transforming how fraud can be detected and prevented and it is becoming an inevitable tool for mitigating customer credit risk in today’s digital age. Studies estimate that the worldwide spending on AI-enabled financial fraud detection platforms will exceed $10 billion by 2027, increasing from just US$ 6.5 billion in 2022.

article thumbnail

The Role of AI in Mitigating Credit Risk for Credit Managers and Reducing Default Rates

Emagia

AI is also transforming how fraud can be detected and prevented and it is becoming an inevitable tool for mitigating customer credit risk in today’s digital age. Studies estimate that the worldwide spending on AI-enabled financial fraud detection platforms will exceed $10 billion by 2027, increasing from just US$ 6.5 billion in 2022.