Tamarack Launches Artificial Intelligence Platform for Equipment Finance

MINNEAPOLIS - Jan. 25, 2022 - PRLog -- Tamarack Technology, Inc., a leader in providing independent software solutions in the equipment finance and commercial lending industry, has launched its artificial intelligence (AI) offering. Tamarack.ai is a business intelligence and productivity platform that applies machine learning and AI to continuously and autonomously help institutions reduce capital risk through analysis and learning gained from operational data.

"Reducing risk is essential in the equipment finance industry and the best way to achieve that is through analysis and learning gained from experience," said Tamarack founder and CEO, Daniel Nelson. "With Tamarack.ai, we are empowering organizations to unlock dark data hidden within their systems in order to predict business outcomes and streamline decision-making."

A fully-integrated AI tool designed specifically for the equipment finance industry, Tamarack.ai continuously and autonomously helps reduce capital risk through analysis and learning gained from operational data that reflects an institution's business processes. Predictor applications learn from experiences and predict business outcomes to streamline decision-making with quantified risk assessment.

"In today's marketplace, the speed and accuracy of decisions are two variables that institutions can impact through access to data," said Nelson. "The Tamarack.ai platform leverages the data already being collected to predict business outcomes like payment delinquency, pricing, and funding. With this knowledge, institutions can move faster and with confidence in their decisions."

Tamarack.ai provides full visibility of and access to financial and operational data, the ability to aggregate data from disparate sources, and insights from analytics and reporting tools – offering digital innovation to support financial transformation.

The initial two Tamarack.ai SaaS products are designed to enhance the productivity and revenue capabilities of equipment finance companies by leveraging both financial and operational data.

• Data Console is a business intelligence solution that includes personalized reporting services, a portal with visibility to all data and results, as well as DataMart, where the data is stored.
• Predictors use AI applications to predict outcomes related to credit and payment decisions.

About Tamarack Technology, Inc.

Tamarack Technology, Inc. is a leading provider of independent software, operational, and technology services supporting the equipment finance industry. For more than 20 years, Tamarack has been helping lessors protect their investments, improve business performance, and provide customers with access to solutions that enhance operations. The company integrates and supports origination and portfolio management systems as well as critical functions such as lease accounting, sales tax, insurance and UCC compliance. Tamarack's software products connect and integrate key ecosystem applications with real-time data. The company also provides integration, implementation, and data migration services, as well as automation products for several leading industry portfolio management platforms. For more information, please email discover@tamaracknow.com or visit www.tamaracknow.com.