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CECL Model Risk Application

The Current Expected Credit Loss (CECL) model is a new accounting standard for the financial industry that aims to provide better insight into the credit risk of a bank’s portfolio. The CECL model has been designed to replace the traditional incurred loss model with a forward-looking approach that is based on the expected credit losses […]

Can ChatGPT Replace Human Work?

AI, including chatbot technology like ChatGPT, has the potential to automate certain tasks and improve efficiency in various industries. However, it is important to note that AI is not meant to replace human work entirely, but rather to augment and assist it. In certain industries, such as customer service or data entry, chatbots can handle […]