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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…
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…
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…
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. Data is the driver for lending decisions, particularly for small businesses that rely on their cash flow to fund operations. While banks tend to use different Read more…
This year, ForwardAI is thrilled to be shortlisted as a finalist of the LendIt Fintech’s 2022 Emerging Fintech Company award. In anticipation of the announcement of the winners of LendIt Fintech’s awards, ForwardAI’s very own Co-founder and CEO – Nick Chandi – travelled to Miami to join with decisions makers Read more…
Our Chief Information Officer and Co-Founder Jag Barpagga is a cornerstone of ForwardAI, in charge of our business development team and compliance requirements. We sat him down for a short interview so everyone could get to know Jag as well as we do! Jag, you’ve worked with accounting data for Read more…
Happy 2022! To kick off a spectacular new year, we’re going to be interviewing one of ForwardAI’s three founders: Diljot (Joe) Mutti! Diljot is also ForwardAI’s CTO, and as a strategic software development technologist, he leads the technology development team at ForwardAI. So Diljot, tell us about your background in Read more…