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Originally published on The Fintech Times. Fintech is finding itself at a turning point amid rumblings the industry is ‘losing its lustre’. We’ve seen firms struggle to raise fresh funds, reports of falling valuations, fire sales, staff layoffs and recruitment freezes. Some fintechs have abruptly closed while others have bid Read more…
Originally published on Entrepreneur.com. Cashflow forecasting helps businesses predict when issues may arise and allows them to take action proactively to avoid cash flow gaps. You might have heard that the biggest cause of business failures is cash flow issues, but to what extent is the severity of this widespread problem? Read more…
Learn how to effectively use the General Ledger to support small business financing applications One way accounting professionals can assist small business clients is by helping them submit financing applications, but that requires a better understanding of how lenders make their decisions and what to look for in a General Read more…
Originally published on Entrepreneur.com. Reconciliation has been a pain point for small businesses for a long time, but new technologies now enable payments companies like banks to automate the reconciliation process. The small business banking market in North America still leaves much to be desired, leaving room for innovative banks Read more…
This time on our Meet the Team blog, we’re going to interview our CEO and Co-Founder, Nick Chandi. As one of our three co-founders, he’s been with ForwardAI since before the beginning. What’s your background and experience with Fintech like? I have worked in the accounting industry for over twenty Read more…
During the second half of 2022, questions over whether fintech was ‘losing its lustre’ started to proliferate with news of multiple job layoffs and recruitment freezes across the industry and a lack of funding either stunting growth or leading to companies packing up shop completely. The fintech industry is not Read more…
Originally published on Forbes.com. Nick Chandi is the CEO of ForwardAI, which offers easy, versatile business data access and analysis for banks, lenders and fintechs. Launching your own business can be rewarding, but frustrating and scary at the same time, especially with today’s supply chain challenges and inflation. Running a Read more…
It’s halfway into the first month of the new year and the expectations for 2023 are buzzing. Fintech and alternative finance executives have different views on what’s to come. Here’s what they had to say: Nick Chandi (CEO & CO-Founder at Forward AI): “Adopting real-time payments (RTPs) will be critical in Read more…
Originally published on FoundersPress. Rising inflation, high interest rates, labor shortages, ongoing supply-chain issues, and an impending recession have collectively forced global venture capital activities to slow. Investors are operating cautiously by tightening their purse strings and executing due diligence with more focus. As a start-up founder, proving you have a Read more…
