Fincura, Inc. (Fincura) expands relationship with Accord Financial Corp. (Accord), one of North America\u2019s leading independent finance companies, providing its AI and machine learning capabilities to significantly enhance the richness of data collected by Accord, enabling insight, service, support and knowledge few lenders can rival.<\/p>\n\n\n\n
As Accord looks to continue its transformation into a tech-driven lender reinventing the supply chain of capital, Fincura will supercharge the financial analysis process during underwriting and recurring portfolio management. \u201cFincura\u2019s financial insight engine gives us the power and flexibility to grow in ways that were not possible before,\u201d said Eric Starr, SVP, Program and Operations Risk at Accord. \u201cFincura is the key to unlock our ability to make more quantitative decisions on large, bespoke commercial transactions.\u201d<\/p>\n\n\n\n
Fincura enables Accord\u2019s underwriters to propose multiple loan structures, evaluate coverage ratios, and determine risk metrics within minutes of receiving, unstructured financial documents from their prospects and customers. Due to the success of their existing relationship, Accord broadened its use of Fincura\u2019s new underwriting products across its business segments and financial products, including Asset-Based Lending, Equipment Financing, and Small Business Financing.<\/p>\n\n\n\n
\u201cAccord was among the first lenders to partner with us,\u201d says Cody Putre, COO and co-founder of Fincura. \u201cWe\u2019re thrilled to expand our relationship to power their underwriting teams.\u201d<\/p>\n\n\n\n
About Fincura About Accord Financial Corp. Contact<\/em><\/strong> Fincura, Inc. expands relationship with Accord Financial Corp., providing its AI and machine learning capabilities to significantly enhance the richness of data collected by Accord, enabling insight, service, support and knowledge few lenders can rival.<\/p>\n","protected":false},"author":9,"featured_media":4466,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"location":[8],"class_list":["post-4458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","location-toronto"],"acf":[],"yoast_head":"\n
<\/em><\/strong>Fincura unlocks data that is trapped in financial statements, spreadsheets, databases, and workflow tools for commercial lenders to optimize operations and future-proof their business. By marrying artificial intelligence and human judgment, Fincura\u2019s financial insight engine can extract financial data from scanned, unstructured documents and ensures that every team has easy access to a unified, transparent, and deep data asset. Fincura\u2019s cloud-based architecture and focus on user experience power simple integrations, fast onboarding, and a product that adapts to its customers\u2019 evolving needs. www.fincura.com<\/em><\/p>\n\n\n\n
<\/em><\/strong>Accord Financial (TSX: ACD) is North America\u2019s most dynamic commercial finance company providing fast, versatile financing solutions for companies in transition including factoring, inventory finance, equipment leasing, trade finance, and film\/media finance. By leveraging our unique combination of financial strength, deep experience, and independent thinking, we craft winning financial solutions for small business and medium-sized enterprises, simply delivered, so our clients can thrive. www.accordfinancial.com<\/em><\/p>\n\n\n\n
Barrett Carlson
SVP, Corporate Development
bcarlson@accordfinancial.com
630.841.7552<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"