Euler Hermes Uses Artificial Intelligence PYMNTS.com

Fear is holding back small businesses from trading internationally, according to a report from HSBC late last year. Specifically, a lack of international business knowledge and experience has small suppliers reluctant to step onto the global stage. Stepping onto the international market means exposure to new types of risk, including the risk of non-payment from a foreign, unfamiliar corporate client. Euler Hermes is just one company aiming at this space, providing businesses with trade credit insurance. Earlier this month the company launched a partnership with analytics-as-a-service company Flowcast to integrate artificial intelligence into the trade credit insurance process.