How Does AI Help Banks in Minimizing Fraud?

by Cheqly team | | AI in Bank Fraud Detection

The way banks identify fraud is evolving due to artificial intelligence (AI). Powered by machine learning algorithms, financial institutions can identify and prevent fraudulent financial transactions before they do major damage. This is because financial anomalies can be identified in advance thanks to modern analytical tools such as predictive analytics and machine learning. These algorithms … Continued

Online Payments for Small Businesses: What You Need to Know

by Cheqly team | | Online Payments

Selecting an online payment processing system that refuses to take the payment methods your clients want to use is like trying to communicate in Chinese at a market in Marrakech: neither strategy is likely to work. Similarly, a merchant’s point-of-sale system should match the payment options their customers prefer. Physical stores offer different payment methods … Continued

10 Financial Mistakes Entrepreneurs Make and How to Avoid Them

by Cheqly team | | Financial Mistakes

You embark on an entrepreneurial adventure largely dependent on chance or good fortune. It’s amazing to decide to destroy the boats and take control of the island with your smart idea. You possess the vision to establish and develop something exceptional, just as you’ve always desired. Nonetheless, 85% of your company will cease to exist … Continued

Debt Covenants: A Comprehensive Guide

by Cheqly team | | Debt Covenants

Debt covenants, which are written contractual obligations, are used in the case of loans or credit lines to enable creditors to impose restrictions on borrowers’ business activities as a condition for receiving credit. Borrowers and lenders can set the covenants together within the loan contract. Debt covenants may be in these agreements whereby an organization … Continued

How to Settle IRS Tax Debt: A Tax Settlement Guide

by Cheqly team | | IRS Tax Debt Settlement

Filing taxes on time is essential for every American taxpayer who makes money. Yet, extraordinary circumstances may emerge that leave you unable to pay the taxes owed by the deadline. Because the IRS recognizes this, it allows taxpayers to settle their taxes.  Income tax payment plans can be generally granted and administered by the IRS … Continued

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