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Oct 29, 2024 | 
fintech.ca | Abhishek Bhasin
Small businesses (SMBs) are always in need of financing to support cash flow which is often hard to come by. The credit gap is huge, and lenders need to play a substantial role to make a dent, especially banks with large balance sheets. But large lenders’ hands are often tied due to concerns around risk. Given there is a concerted push from Governments to lend more to SMBs, there is a need for a solution that can bridge this demand and supply gap. Supply Chain Finance could be the solution.
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Sep 25, 2024 | 
fintech.ca | Abhishek Bhasin
Research by the World Bank Group across 109 economies reveals that 30% of small businesses in the formal private sector are credit constrained. Limited access to working capital for small businesses negatively impacts the economy, growth, productivity, and employment. Small businesses are crucial for wealth creation, equity, and financial inclusion, especially among underserved groups.
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Aug 6, 2024 | 
smallbusinessxchange.com | Abhishek Bhasin
The success of a small business depends on a healthy cash flow. Small businesses often don’t have the resources to effectively manage it. Business owners are busy running their operations and may not have the time or skills to manage financial projections on their own. This leads to challenges on multiple fronts — inventory management, fulfilling orders, supply chain issues, hiring and scaling business, and more.
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Jul 30, 2024 | 
finextra.com | Joris Lochy |Dmytro Spilka |Anna Antimiichuk |Abhishek Bhasin
International remittance services cater to a specific demographic with a need to send or receive money across borders. Integrating international remittance services into bank and financial institution infrastructure is no longer a choice but a strategic
need to remain competitive in the industry.
The global digital remittances market is projected to grow by 4.76% (2024-2028), resulting in a market volume of US$181.60bn in 2028.
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Jul 29, 2024 | 
finextra.com | Oliver Tearle |Eldad Tamir |Raktim Singh |Abhishek Bhasin
With the generative AI boom in full swing, a future of automation in fintech is imminent. While this may be a cause for concern among employees, the reality is set to be far more collaborative.
The artificial intelligence in fintech market is expected to reach a value of $17 billion in 2024. This figure is set to
, representing a CAGR of 17%.
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Jul 29, 2024 | 
finextra.com | Eldad Tamir |Raktim Singh |Abhishek Bhasin |Aleksandra Kitina
Fighting fraud is like playing a game of cat and mouse. But what if the 'mouse' could learn the cat's every move? Machine learning in fraud detection creates a system that constantly gets better at spotting fraudulent transactions, no matter how the fraudsters
try to disguise them. This technology has been around for a while, with the first system appearing in 1992. Today, fraud-detection systems are foundational in global financial services.
Why are machines so good at catching fraudsters?
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Jul 28, 2024 | 
finextra.com | Raktim Singh |Abhishek Bhasin |Aleksandra Kitina |Garima Chaudhary
A recent CNBC/Generation Lab survey illuminates a stark reality: while many young adults recognize the stock market as a vital tool for wealth accumulation, a similar number are not actively saving for retirement. This gap between awareness and action highlights
broader challenges of financial engagement among millennials and Gen Z, who often face limited investment capacity due to precarious financial stability.
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Jul 25, 2024 | 
finextra.com | Raktim Singh |Abhishek Bhasin |Aleksandra Kitina |Garima Chaudhary
As someone who's been following the AI industry closely, I have to say the new European Union AI Act has really caught my attention. It's a beast of a document; 458 pages and 113 articles! When I first heard about it, I thought, "Well, there goes my weekend
reading." But jokes aside, this is a big deal, folks. It's probably the most ambitious attempt to regulate AI that we've seen so far.
What's the Act All About?
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Jul 24, 2024 | 
finextra.com | Abhishek Bhasin |Aleksandra Kitina |Garima Chaudhary |José Pierre
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Neuro-symbolic AI is a unique form of artificial intelligence that combines the strengths of neural and symbolic AI architectures.
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Jul 23, 2024 | 
finextra.com | Abhishek Bhasin |Aleksandra Kitina |Garima Chaudhary |José Pierre
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The success of a small business depends on a healthy cash flow.
