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

Emagia

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 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. billion in 2022.

article thumbnail

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

Emagia

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 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. billion in 2022.