08:07 AM EDT, 09/18/2025 (MT Newswires) -- VersaBank ( VBNK ) , a North American player in business-to-business digital banking, as well as technology solutions for cybersecurity, Thursday said it implemented new, internally developed, state-of-the-art AI capabilities within its proprietary core banking technology.

The company said the new AI capabilities enable it to "actively monitor the entirety of its Receivable Purchase Program (RPP) portfolio continuously in real time, further enhancing its already low-risk credit asset model."

"The Bank is developing innovative new financing options within its RPP, including real-time purchasing of cash flow streams, based on its enhanced AI capabilities to further expand market share in Canada and accelerate the ramp up in the United States, which it expects to launch in the near term," said VersaBank ( VBNK ) in a statement.

Shares of the company closed up 1.3% to C$17.1 Wednesday on the Toronto Stock Exchange.