VersaBank Launches Pilot Program for AI-Enabled Real-Time Structured Receivable Program
VersaBank has launched a pilot program for its AI-enabled Real-Time Structured Receivable Program (Real-Time SRP), aiming to expand its point-of-sale financing capabilities in Canada and the U.S. The program allows partners to finance individual loans within hours, reducing costs and improving risk mitigation through AI evaluation. This innovation strengthens VersaBank's competitive position in the B2B digital banking sector.
Tickers: $VBNK
Topics: AI in banking banking innovation financial technology point-of-sale financing structured receivable program