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Advancing Agility in Equipment Finance with Leading-Edge Technology

Date: Apr 06, 2021 @ 01:00 PM
Filed Under: Industry Trends

In this interview with Eldon Richards, Chief Technology Officer of IDS | Secured Finance Technology, Richards discusses how rapid advancements in technology including AI and Machine Learning can empower agility in the equipment finance industry and positively impact the customer experience. Richards also provides his insights into the technologies that are likely to have the greatest impact on the future of the equipment finance industry, how technology allows lessors/lenders to mitigate risk via the aggregation of industry and market data, and finally he discusses how the effective implementation of technology can improve the customer experience.

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Eldon Richards
Chief Technology Officer | IDS | Secured Finance Technology
Eldon Richards is responsible for the company’s overall technology strategy, direction, and execution. Eldon has extensive experience in forming teams that excel at swiftly responding to market technology needs and continuously improving quality. Eldon joined IDS from Recondo, where he served as Chief Technology Officer. At Recondo, Eldon managed the company’s SaaS offerings and led innovation with artificial intelligence and natural language processing. Previously, he led product development and technology teams across the enterprise at PatientPoint, UnitedHealth Group and Optum. Eldon’s career at UnitedHealth Group and Optum spanned 18 years, including leading worldwide teams that developed groundbreaking products such as Optum’s Enterprise Computer Assisted Coding, and successfully deployed hundreds of production releases every year. Eldon holds a Bachelor of Science in computer science from the University of Utah, an MBA from the Carlson School of Management at the University of Minnesota, and graduate certificates in management and technology from Stanford University and the Washington University in St Louis.
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