VersaBank Announces AI-Enabled Point-of-Sale Financing Innovation

VersaBank has launched a pilot program for its new AI-enabled Real-Time Structured Receivable Program (Real-Time SRP), a breakthrough in point-of-sale financing. This innovation allows for individual loan financing within hours, reducing costs and the need for warehouse financing for partners like FinanceIt Canada Inc. The Real-Time SRP is expected to significantly expand VersaBank's market reach in both Canada and the United States, allowing it to serve a wider range of partners and capture more market share. This advancement leverages VersaBank's proprietary technology and AI capabilities, reinforcing its position as a leader in digital banking and financial solutions. The program aims to support economic activity for small businesses and consumers, aligning with government and regulatory objectives. VersaBank's SRP portfolio has shown substantial growth, exceeding CAD$4.4 billion as of January 31, 2026.