• VersaBank launched pilot program with FinanceIt to test AI-enabled Real-Time Structured Receivable Program for point-of-sale financing.
• Pilot aims to validate functionality in limited real-world use before full implementation by FinanceIt.
• Real-Time SRP targets funding of individual loans within hours, cutting partners’ need to warehouse receivables for 5 to 30 days.
• VersaBank plans to roll out Real-Time SRP to other current and prospective SRP partners in Canada and United States following pilot.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VersaBank published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604290700PR_NEWS_USPR_____TO46292) on April 29, 2026, and is solely responsible for the information contained therein.