In this podcast episode, the hosts explore the challenges of credit risk in traditional industries like telecommunications, drawing a comparison with fraud risk. The major distinction between the two lies in intent: while fraud involves intentional deception, credit risk often stems from unexpected financial difficulties. Artificial intelligence is transforming risk management in both realms, but its deployment must be approached thoughtfully, considering factors like explainability, compliance, and the relevance of data. The discussion emphasizes the importance of a balanced strategy for adopting AI in legacy industries, advocating for careful planning and integration rather than rushed implementation.
