The canary is now 10+ years old as prominent platforms like SoFi and Upstart launched in the early 2010s, and Freedom Financial (now Achieve) has been around for two decades.
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It’s impossible to escape a headline about generative AI these days, with many business leaders opining on its potential either to exponentially boost productivity or to destroy our workforce as we know it. Yet too few thought leaders have pointed to how generative AI can be harnessed to support everyday people in their journey to financial independence – especially the millions of Americans currently living paycheck to paycheck in an unusually shaky economy.
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Generative AI is powering fintech modernization with streamlined processes and automated workflows. Transformation teams find the greatest ROI is driven by 4 key adoption trends, especially when supported by an AI-specific risk management strategy.
The gig economy has been a driving force for the adoption of real-time payments. This is how it is transforming the gig economy.
[Editor’s note: This is a guest post from Shaun O’Neill, President of Concord Servicing Corporation. Founded in 1988, Concord is...
Banks must find a way to optimize the digital customer experience while simultaneously ramping up security.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.
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In the ever-shifting world of today's entrepreneurs, AI isn't just a technological innovation – it’s a tangible catalyst for business transformation that can lead to smoother operations, more efficiency, and sounder data-driven decisions. In this article, we explore automation, augmentation, and autonomy, revealing how practical applications of detection and prediction to generation can equip even the smallest business with powerful tools to navigate and excel in today's digital landscape.
Small business data is more plentiful now than ever before and tech tools are evolving to help fintech lenders meet the challenge.
Advances in embedded lending provide better options for consumers and higher sales with more certainty for merchants. It's a win-win.