Press

Originally shared on Accesswire   Utilizing accounting and banking data, PreciseMatch improves confidence in small business underwriting NEW YORK, NY / ACCESSWIRE / September 15, 2021 / ForwardAI, a fintech providing aggregated access to business & accounting data and analysis, today introduced PreciseMatch™, an intelligent transaction mapping technology that automatically cross-validates accounting Read more…

The financial world is being transformed very fast. Innovators are disrupting the status quo and challenging how incumbents are doing business. Anybody would have obviously realised that. Even if you do not spend as much time keeping an eye on what is going on. As some of us do, maybe Read more…

Recent research by PERC has highlighted the issue of credit invisibility in Canada, defined as “persons with either no account payment history in their credit report (referred to as “no files”) or fewer than three accounts in their credit report (referred to as “thin files);” Read more on Debanked.com

Originally shared on Business Wire   Lenders Can Now Quickly and Accurately Predict the Future Financial Health of Small Businesses And Expedite Lending/Underwriting. The lending processes financial institutions use to qualify SMB borrowers is sorely outdated, while increasing cases and costs of fraud hit smaller banks, credit unions and digital lenders hardest. ForwardAI, Read more…

In the early days of founding expense management software firm, SlickPie, Nick Chandi fielded calls from customers. A particular customer called in one day. She had a bill coming up but no money in the bank. She ran a small business with lots of customers, but this time a series Read more…

The open banking model zeroes in on the opportunities that third-party FinTechs might have by unlocking banking data of their clients. But as the concept proliferates throughout the financial services world, providers are examining new possibilities of consensual data sharing in other ways. Read more on Pymnts.com

There is a goldmine of information for SMB lenders sitting in small business accounting systems. If lenders are not using this information to their full advantage they will find themselves falling behind. Read more on Lendit.com