Applying for business financing can sometimes seem like an opaque process. Yes, there’s some subjectivity involved in business financing approval — a human underwrites your loan, after all. But, for the most part, lenders use a fairly consistent set of Read more…
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 The lending processes financial institutions use to qualify SMB borrowers is sorely outdated, while increasing cases and Read more…
Originally shared on Forbes.com By Nick Chandi is the CEO of ForwardAI, a market-leading provider of historical & forward-looking accounting data for small business lenders. Have you ever been driving a car and realized you’ve forgotten to check your mirrors? Or 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 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 Read more…
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