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10-15-2017, 09:29 PM #1
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Yes. If this type of feature is available (who some have) direct to merchant when applying, it should be available to those who “resell”. Based on future receivables - financial only offer. A true advance offer which from the very beginning was supposed to be based off the receivables then UW. Why? Resources ain’t cheap. No matter how many algorithms are built into a system a human eye/brain will always be needed .
Now with that being said - analyzing PDF bank statements via API or upload is not something that is brand new or far off. I think there are a lot more people in this space that are not aren't acquainted with the types of "software" concepts that are/were being built around this space. Still one of the biggest issues that arise with any type of innovation is having the minds support it while it's in motion.Amanda Kingsley
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Always Live and Lead with Integrity.
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