AI & invoice finance: Should lenders be worried?
This article was originally published in Business Money magazine.
This article was originally published in Business Money magazine.
Building software can be a round-about business. Rarely do you deliver the product you first imagined.
For banks and lenders, choosing and implementing the right software systems is difficult. Knowing where to start is key. We advise banks and lenders to consider eight areas of their business before they begin their search for new workplace technology.
Google "Open Finance" and you’ll be flooded with info on Open Banking. Rightly so.
Picture the scene. You’re the owner of a small business. You started factoring your invoices two years ago. You chose your factor because they offered a decent cost of capital and made it easy to start borrowing. You simply connected your accounting system to their online system and they did the rest.
Ten years ago, cloud-hosted systems were a new frontier for commercial finance technology. At Dancerace, we were among the first to make the switch, moving our on-premise servers to the cloud in 2009.
At Dancerace, we’ve put frictionless data transparency at the centre of our vision for better lending. Here’s how it helps lenders and their funding providers to deal with challenges today and unlock new opportunities for tomorrow.
Listen to Elliot Avison, Dancerace CEO, and Ed Sherrington, Codat Head of Product Development, discuss how lenders can use data and technology to better manage risk, operate more effici...
“You focus on the lending; we’ll look after the technology.”
This episode is part of a special 'Tech Talk' series of bitesize interviews on key talking points within lending technology. We take a look at boosting borrower experiences with Dancera...