Tag: credit risk
-
Impact of AI on Credit Risk Assessment and Costs
Introduction to AI in Credit Risk Assessment The integration of artificial intelligence (AI) in credit risk assessment is transforming the financial landscape. This technology offers enhanced data analysis and patterns recognition, potentially leading to more accurate evaluations. However, recent regulations indicate that utilizing AI for credit assessments may be classified as high risk, raising questions…
-
Tiresias A.E.: The Credit Guardian in Trouble
Introduction to Tiresias A.E. Tiresias A.E. is a pivotal organization in Greece that functions as a watchdog for creditworthiness. Established to assist banks and financial institutions in mitigating risks associated with bad debtors, it has become an essential tool in maintaining financial stability. However, recent developments have raised concerns about Tiresias A.E.’s sustainability and effectiveness.…