It is becoming increasingly necessary for financial institutions to start thinking outside the box for ways to grow and diversify their loan portfolios.
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To help curb the effect of inflation and recession on the bottom line, the key is to challenge the internal costs, more specifically, the internal costs of the purchasing chain and processes.
For entrepreneurs looking to overcome these challenges, revenue-based financing is a compelling alternative.
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.
The best chatbot AIs like ChatGPT can generate code, not just natural language. Banks could use that to streamline app development to expand their fintech investments in less time.
As embedded finance grows in prevalence and popularity, businesses must consider BaaS and understand the impact different licenses offered by providers will have on their offerings.
Amazon's deal with Venmo has the potential to set a new standard for payment tenders in general, and other brands are likely to follow in its footsteps.
Earned Wage Access (EWA) providers could be creating potential consumer debt with the same perspective for jeopardy as BNPL.
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The experience of this past weekend highlights a type of business continuity risk that managers of FBO accounts should stop to consider.
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In this context, founders must decide when and how to invest in risk management infrastructure. Every dollar earmarked for controls comes at the expense of a dollar that could be devoted to what is more commonly thought of as revenue-generating activity.