The rapid advancement of artificial intelligence (AI) has sparked a wave of innovation across numerous industries, and financial services are no exception. As AI continues to evolve, it presents exciting possibilities for reshaping the landscape of banking, investment, insurance, and more. This blog post delves into the future of AI in financial services, exploring its potential benefits, challenges, and the transformative impact it is poised to have on the industry.
Small and medium-sized enterprises (SMEs) play a vital role in economic growth and innovation across North America. However, accessing adequate funding remains a challenge for many SMEs.
As a small business owner, you're no stranger to the ups and downs of cash flow. Some months, you're flush with cash and able to invest in new equipment, hire more staff, or expand your operations.
During the pandemic, these services surged in popularity, but a recent study found that 34% of users fell behind on payments, with 72% reporting a decline in their credit score.
Invoice factoring - or accounts receivable factoring or receivable financing - is a financial solution that allows businesses to convert their outstanding invoices into immediate cash.
.png)
