(AOF) – Google Cloud and Silvr, a French start-up specializing in short-term financing for SMEs, today announce a technological partnership, relying on AI to facilitate the calculation of entrepreneurs’ solvency and facilitate their access to financing. The operational and commercial benefits of this technological choice will support the development of Silvr in France and Europe.
Thanks to Google Cloud AI tools, and in particular Vertex AI, as well as the specific training of these models with several million anonymized banking transactions, Silvr Classif.ai “instantly transforms companies’ raw banking data into financial ratios thus allowing to make a credit decision (amount, duration and price) in a few seconds while ensuring strict compliance with security and confidentiality standards,” specifies a press release.
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Sector sheet – Internet
An increasingly competitive online search for Google
Google has dominated online search for more than two decades. It earns more than half of its revenue from advertising on its search engine. The second player, Bing, owned by Microsoft, remains far behind, with less than 9% of the global market. However, Bing benefits from a huge advantage: Microsoft’s results do not depend closely on the performance of its search engine, but rather on its sales of software and services to businesses with its Azure branch. The group can therefore be more agile and take risks. Other serious competitors are gaining strength. Amazon’s search engine for finding products shows a jump in advertising revenue. Likewise, the TikTok application is increasingly used by young people to search for information.