The Department
of Finance at the College of Business Administration was honored to host Professor
Edward Altman from New York University, Stern College of Business, a
world-renowned expert in the field of corporate finance and risk modelling.
Prof. Altman
presented a seminar entitled: “The importance of credit risk models and
emerging technologies, including Artificial Intelligence” where he discussed
the development of financial forecasting tools and the role of A. I. in
assessing credit risk.
In this
high-level workshop, the global expert in credit risk and the creator of the
Z-Score Models, Professor Edward Altman explored the evolution of financial
distress prediction and tools along with the integration of AI in credit risk
assessment. Through engaging discussions and real-world case examples, participants
gained practical insights into applying these models for SMEs and large
corporations, with a special focus on banking, asset management, and
restructuring in the Gulf region and more specifically, Saudi Arabia. The
workshop also provided a platform for the faculty members at the CBA to engage
directly with the pioneer in risk modelling, Prof. Altman, and explore the
potential of future research in modern credit analytics to enhance
decision-making and risk strategy.