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VersaBank Launches Real-Time Structured Receivable Program in Canada, US

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VersaBank (VBNK) said Monday it launched its AI-enabled Real-Time Structured Receivable Program in Canada and the US, with Financeit.

The bank said the real-time SRP is now available to existing and prospective partners and expects the platform to expand its addressable point-of-sale financing market while helping grow business with current and new partners.

Financeit said it expects the rollout to make an immediate contribution to its business as it approaches $2 billion in annual loan originations.

Price: $20.05, Change: $+0.77, Percent Change: +3.99%

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