Originally published on Credit Union Times. Technology is changing the banking industry rapidly, and smaller institutions are unprepared. But by leveraging their banking charters, working with fintech partners and adopting real-time payments (RTPs), credit unions can cement their claim in the future of financial services. Credit unions pride themselves on Read more…
Originally published on Fintech.ca. Cash flow is a problem that has been troubling small and midsize businesses (SMBs) and accountants since the dawn of time. Combine tight capital, slow cash turn-around time, and lack of planning, and it’s no surprise that this issue comes back, again and again, every month-end when Read more…
Originally published on DealMaker Magazine. By Nick Chandi, CEO and Co-Founder, ForwardAI The unpredictable changes of the COVID-19 pandemic have thrust small and medium-sized businesses and lenders into a new reality, one that is mainly dependent on the latest technologies to continue functioning. DealMaker examines three ways embedded lending systems Read more…
Originally published on BAI. A key takeaway from many billions of dollars in PPP losses is that tech-based solutions may be increasingly necessary as lending scams grow more complex. The first charges against Payment Protection Program fraud were filed in May 2020 — barely a month after the Coronavirus Aid, Read more…
Originally published on Forbes.com. Nick Chandi is the CEO of ForwardAI, offering easy, versatile business data access and analysis for banks, lenders and fintechs. Money management and cash flow are consistently cited as some of the top reasons that small and midsize businesses (SMB) fail. The U.S. Bureau of Labor Statistics estimates that Read more…
Small businesses are the backbone of our economy and constitute 99.9% of all businesses in the United States. At ForwardAI, we constantly deal with small businesses and their data and recognize the importance of helping them succeed through offering innovative new technology. On June 27th, the International Micro, Small and Read more…
If you’ve been on LinkedIn in the past couple of years, you probably noticed that the number of posts with hashtags #remote, #wfh, and #homeoffice had increased significantly. Many businesses and companies of all sizes have transitioned to working remotely, and 87% of workers who were offered remote work embraced Read more…
Fintechs are progressively standardizing same-day funding for consumers in the North American lending industry. In doing so, they’re smoking traditional lenders and banks. Nonetheless, incumbents have an opportunity to leverage similar technologies to make the same impact in the commercial lending space. A recent fintech lending study found that over 50% of Read more…
After a long wait, conferences and tradeshows are finally returning in person! This year, ForwardAI is thrilled to be a sponsor at Fintech Nexus USA 2022 – one of North America’s leading events for innovation in financial services (previously LendIt Fintech USA). Check out some of these amazing pictures from Read more…
April 2023 Update – ForwardAI Achieves SOC 2 Type II Compliance Certification 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 Read more…