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

Emagia

MARCH 15, 2024

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.

Credit Risk 52
Credit Risk Default Credit Management Credit and Collections 52
article thumbnail

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

Emagia

MARCH 15, 2024

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.

Credit Risk 52
Credit Risk Default Credit Management Credit and Collections 52
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