Find out more about fintech services from our expert: Amaury de la Lance, Director of Aston AI.
Fast-growing fintech startups are based on two major pillars: offering a financial service and integrating new technologies. Today, the main challenge for companies is to reduce payment times and increase cash flow. “ In France, customer assets represent 40% of a company’s assets, or 650 billion euros. And yet, there is a simple way to meet this cash flow challenge: by enhancing the value of trade receivables, using fintech tools. The result? Up to 5 days’ reduction in payment times in the first year. This represents millions of euros in extra cash for a CAC 40 group, and vital amounts for an SME. “explains Amaury de la Lance, Director of Aston iTrade Finance.
With 25% of bankruptcy filings due to unpaid receivables, accounts receivable is the poor relation of finance in France today. The solution? Use specialized credit insurers. ” Fintech simplifies insurance management. With the emergence of Artificial Intelligence, we are also providing new tools such as financial scoring. Used preventively, it allows you to rate your customers: the future of Fintech “. In addition to AI, fintech also relies on the development of new interlocking technologies such as cloud computing, big data as well as blockchain, which has enabled the rise of crypto-currencies.
Founded in 2011, Aston AI is a fintech specializing in customer account optimization. What’s in it for me? Reduce payment times, better insure against non-payment and finance invoices with a bank, factor or investment fund. ” Very easy to use, this solution has won over major accounts, ETIs and of course SMEs, the heart of the market . ASTON AI already has a portfolio of 100,000 SMEs. In the coming months, we’ll be offering our services to VSEs as well as SMEs, financial institutions, banks and insurance companies. Aston AI also provides its customers with Business Inteligence dashboards for real-time monitoring and predictive indicators.
Based in Nancy, France, Aston AI is pursuing its development through new technologies. The next step? The imminent release of the second part of their financial scoring tool, developed using Artificial Intelligence.