Technology has advanced significantly in the past decade, and so has the complexity and need for regulatory and security compliance. Banks and financial institutions are constantly storing and interacting with sensitive consumer information. With collaborations between fintech and financial institutions directing the momentum in the financial space, financial institutions needed Read more…
This week, we’ll be talking to one of our critical team members, Alex Niu. Alex is our Digital Marketing Assistant and has been working with ForwardAI since they joined the team in late 2021. So Alex, can you tell me how you came to work in Marketing? What’s your employment 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. About 90% of businesses globally are small and medium-sized businesses (SMB). They account for 50% of employment worldwide and generate trillions annually. Despite significant contributions to Read more…
Lenders have always struggled to approve Small Business (SMB) borrowers efficiently at scale because of factors such as: The slow, inefficient manual process of accessing borrower information High loan rejection rate against “credit-invisible” borrowers Increased default rate with inaccurate assessments of borrower risks A survey conducted between ForwardAI and LendIt Read more…
Originally published on The Fintech Times. The traditional lending process lacked flexibility but lenders today can make quick underwriting decisions confidently with APIs that provide access to real-time information and in-depth analysis. Flexible loan terms and repayment options are ensuring challenger banks are primed to meet SMB clients’ needs. Nick Read more…
Meet Sosa Sosa is a Frenchie with a silly personality and a lot of attitude! Sosa is two years old and hefty for his breed, weighing a solid 30 pounds. Sosa loves treats, but he loves your food more and often tries to sneak a taste. He is an avid 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. In the past decade, I have seen several financial institutions embrace innovations, but many were still reluctant to adopt new technologies. The pandemic has broken the Read more…
Financial institutions that rely on credit scores run the risk of losing existing and potential customers. Credit is arguable the oldest and most widely accepted and understood financial product known to mankind. However, this acceptance and understanding does not automatically translate to widespread accessibility. Across the world, groups like young Read more…
Originally published on Open Banking Expo Across the world, there’s a growing demand for consumers to be in control of their banking data to better manage their money. The UK’s Open Banking Implementation Entity (OBIE), for example, just reported more than five million users since its inception over four years ago. Read more…
To celebrate International Women’s Day, we’re interviewing one of ForwardAI’s core team members, Sarah Wielens. Sarah is our Senior Director of Sales and has been working with ForwardAI since the company was founded. Hi Sarah! Please, tell us about yourself. How did you get interested in tech sales? Well, first Read more…
