Fintech firm targets late-payment problem

A start-up which uses artificial intelligence technology to address the problem of late payments for small firms is to set up a base in Scotland. Previse plans to create 37 data science jobs in Glasgow, following an £800,000 grant from Scottish Enterprise. Its AI technology is designed to enable large firms to pay suppliers on the day they receive an invoice. It plans to start rolling out its first instant-payments programme with several blue-chip multinational buyers. The London-based firm's technology calculates a buyer's likelihood of paying an invoice.