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Applications and Advantages of Artificial Intelligence in Financial Services

Fintech applications of artificial intelligence (AI) and machine learning range from task automation and fraud detection to chatbot assistants. According to Insider Intelligence’s AI in Banking survey, 80% of banks are quite aware of the potential advantages that artificial intelligence (AI) can offer. Increased user acceptance, evolving legal frameworks, and technology advancements will expedite the…

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Understanding the 5 C’s of Credit: What They Are, How to Build Them

Your possibilities for business financing are influenced by the five C’s of credit: character, cash flow, capital, conditions, and collateral Many lenders employ a framework known as the “five C’s,” or characteristics of credit, to assess possible small-business borrowers. These criteria are character, capacity, capital, conditions, and collateral. Your eligibility for small-business loans is influenced…

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Should I Buy a Business or Start My Own​? How to Decide Which Is Right for You

The decision to buy an existing business or start your own involves a thorough assessment of multiple factors, each carrying its own set of advantages and challenges. Buying an Existing Business: PROS 1. Established Operations: One of the primary advantages of buying an existing business is that it usually comes with established operations. This includes…

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