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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…
The rise of challenger banks has been a particular hallmark of the fintech industry over the last decade. Created to disrupt the traditional banking sector, challengers are full to the brim with innovative, often digital offerings aiming to serve customers in a variety of ways. With the customer taking centre Read more…
As a small-business owner, it’s important to find high-quality information and educational resources you can trust to help you overcome common obstacles and achieve success. These resources may include finance-focused resources such as magazines, podcasts or blogs that aim to educate business owners about how to make the right financial Read more…
Join Nick Chandi, CEO and Co-Founder of ForwardAI, as he discusses how large-scale financial institutions integrate AI technology into their operations, AI’s role in the future of the space, and how AI can be critical in improving workflows, cutting costs and creating a slick customer experience. Watch the interview on 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…
The rise of challenger banks has been a particular hallmark of the fintech industry over the last decade. Created to disrupt the traditional banking sector, challengers are full to the brim with innovative, often digital offerings aiming to serve customers in a variety of ways. With the customer taking centre Read more…
The rise of challenger banks has been a particular hallmark of the fintech industry over the last decade. Created to disrupt the traditional banking sector, challengers are full to the brim with innovative, often digital offerings aiming to serve customers in a variety of ways. With the customer taking centre Read more…
Nomination demonstrates importance of modernizing the Small and Medium-Sized Business (SMB) lending process, highlights value of accounting data in advancing financial inclusion Originally published on Accesswire NEW YORK, NY / ACCESSWIRE / March 31, 2022 / ForwardAI, a fintech providing aggregated access to accounting & business data and analysis, announced Read more…
The lingering effects of the Covid-19 pandemic have made the last several months tumultuous for many industries, and now businesses of all stripes are dealing with inflation, a competitive labor market and supply chain issues. Financial advisory firms are facing all of these challenges as well as unique new developments Read more…