2022 Fintech Awards Spotlight: ForwardAI Best API Award Nomination

Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be holding its annual Benzinga Global Fintech Awards, a day of virtual dealmaking, networking, and recognition in the financial technology space, in November 2022.

The event will award Benzinga Listmakers, those top companies, and executives part of Benzinga’s Global Fintech Index for their accomplishments innovating, as well as merging the best of finance and technology.

In recognition of those disruptive innovators creating positive and diverse change within the financial services space, Benzinga presents ForwardAI with the Best API Award Nomination.

Founded in 2021, ForwardAI is a fintech company specializing in providing solutions that streamline the Small and Medium-sized Enterprise (SME) client intake process and make it simple for banks, credit unions, alternative lenders, and fintechs to onboard and provide comprehensive financial services to their clients. 

The company is a pioneer in the industry and directly integrates with a growing number of small business software products, including QuickBooks Online, Sage Intacct, Xero and Zoho Books.

In the simplest way possible, ForwardAI aims to modernize small business lending by leveraging aggregated accounting, business, and financial data in the underwriting process.

Offering: ForwardAI provides accounting and business data via its Precise API, a ready-to-use Access partner portal, and a client-facing cash flow forecasting and planning tool. It offers critical financial data points and analysis, including raw, historical, and predictive information on business clients.

“I’m extremely proud of our growth since we launched ForwardAI,” said CEO & Co-Founder Nick Chandi. “Our mission has always been to make the underwriting process seamless for both lenders and borrowers, ensuring businesses are receiving working capital faster and more efficiently.”

Innovation Outlook: ForwardAI seeks to make an impact in the lending, banking and fintech sector.

“The lending processes lenders use to qualify borrowers are sorely outdated, resulting in time-consuming and inaccurate underwriting decisions,” said Chandi. “ForwardAI’s Precise API is leveraging leading accounting and business data integrations to reduce loan review and decisioning time to only seconds, while improving confidence at the same time.”