Last year, while the pandemic was heating up, banks’ attitudes toward small business lending turned cold. With lockdown measures in place, underwriting became difficult and risk increased across commercial lending. We tapped ForwardAI CEO and Co-Founder Nick Chandi to discuss what the current lending environment looks like, how data can help, and Read more…
Originally published on Accesswire A whitepaper from LendIt and ForwardAI emphasizes the opportunity of real-time and forward-looking data for improved efficiency and confidence in underwriting decisions NEW YORK, NY (December 1, 2021) ForwardAI, a fintech providing aggregated access to accounting & business data and analysis, collaborated with LendIt Fintech, the Read more…
In our coverage of Money20/20 Vegas, we shoot rapid-fire questions to Nick Chandi, CEO & Co-Founder of ForwardAI. He shares his insights on being in person once again, and the launch of his new product, ForwardAI Predict-as-a-Service, which will help banks’ engagement with small businesses. What’s the future for such a Read more…
Leveraging a mature algorithm, Predict-as-a-Service provides reliable cash flow forecasting and interactive financial modeling for custom business scenarios Originally published on Accesswire NEW YORK, NY (October 26, 2021) – ForwardAI, a fintech providing aggregated access to accounting & business data and analysis, today introduced Predict-as-a-Service™, a cash flow forecasting Read more…
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…
