How they describe themselves: For over 12 years, CAN has used leading-edge data, systems and technology, combined with its unique “daily collection” methodology, to deliver innovative financial products, services and technology solutions for the small and mid-sized business marketplace. “Daily” Remittances are revolutionizing small business financial services:
- Capital providers can diversify and mitigate risk plus accelerate payments.
- Small business cash flow is supported via smaller, more frequent payments instead of one lump sum monthly payment.
CAN’s Daily Remittance Platform (DRP) facilitates “Daily” Remittance, encompassing every aspect of the asset lifecycle: predictive analytics, scoring, underwriting, risk management and more, and integrates the merchant acquiring, merchant processing, small business lending and card issuance platforms of financial institutions via a modular design.
How they describe their product/innovation: CAN will be demoing an international version of DRP, a product agnostic set of interconnected modules that are interoperable with legacy systems and can be configured to risk parameters and yield calculations set by the users while managing all aspects of SMB finance asset generation and servicing. DRP and the wealth of data it collects and digests on the daily cash flows of SMB finance clients enables scoring, profiling and asset management to reduce the risk to SMB capital providers.
DRP can be set up for use in any geography, with customizable language, currency, accounting standard compliance, third-party information provider interoperability, address and phone number conventions, etc. Each module is equipped with extensive reporting and configurable dashboards.