WEX Sees AI, Commercial EVs as Growth Opportunities

Smith highlighted the company's commercial EV solutions, which are "focused on enabling the mixed fleets of the future," and its AI applications, which aim to "drive both customer value and enhance WEX's business model." On the technology front, the company has already seen its enhanced AI tools contribute to efficiency gains in the form of trending improvements on credit losses. AI allows the company to better adjudicate credit, review credit line increases and spot abnormal behavior that may indicate a pe ...