Artificial Intelligence has gone from science fiction to a mainstream business tool, seemingly overnight. AI technology offers powerful benefits for the credit professional, but also brings significant risks and increased regulatory scrutiny.
This program will help position the credit department as advocates for establishing guidelines for the use of AI and guardrails to protect their companies from the risks that accompany the use of AI in credit decision making and collection actions (and other areas of business).
This cutting-edge program will cover:
- The emerging legal framework governing the use of AI in credit, and in business more generally;
- The importance of developing policies and procedures related to the use of AI to protect their businesses from legal risks and pitfalls, with a review of suggested policies and procedures;
- What AI can—and can't—do to assist credit professionals with credit decision making and collections, along with the potential pitfalls created by its use; and
- Using a live demo to highlight the benefits and risks of AI for credit professionals and the importance of adopting reasonable policies and procedures governing the use of AI.
Speakers:
- Andrew Behlmann, Partner, Lowenstein Sandler LLP
- Bruce S. Nathan, Partner, Lowenstein Sandler LLP
- Tricia Y. Wagner CIPP/US, CISSP, CISA, Counsel, Lowenstein Sandler LLP
*Speakers are presenting to NACM Tampa National Tire Manufacturers Credit Group
