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Today in B2B, Bloomberg broadens its creditrisk data pool, and two ERP solutions secure B2B payments integrations. Bloomberg To Incorporate CreditRisk Data. The release stated firms have more often been looking for data to validate their own internal counterparty and creditrisk assessment.
Although generally available in the consumer market for about a decade, the electronic payment model of buy-now-pay-later (BNPL) is finally bearing fruit for micro, small and midsize enterprises (MSMEs) by avoiding interest payments on corporate credit cards, reducing paperwork, facilitating quicker transactions, and improving liquidity management.
The news comes as during Hong Kong FinTech Week, FinTech firms have certain "key advantages" over traditional banks when it comes to building out a client base and cutting down on risk. Bloomberg to Incorporate CreditRisk Data. Everlink, FINTAINIUM Team up to Offer Real-Time B2B, B2C Payments.
Credit Key offers businesses an alternative payment solution intended to give financing for purchases at the point of sale. The company takes on the creditrisk and loan servicing, offering buyers a "transparent" experience with competitive interest rates, the report writes. The booming B2B market in the U.S.
Card payments, he continued, mitigate risk for both buyers and suppliers, enabling vendors to provide discounts to their customers without taking on trade creditrisk. In this way, the ongoing B2B eCommerce evolution of the diamond ecosystem continues to foster digitization in the industry's B2C arena as well.
The flow of commerce and capital gets bogged down in phone calls, applications, emails and inefficient risk profiling based on traditional credit models. In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. focused B2B sales.
As much as 24 percent of monthly revenues for SMBs are tied up in accounts receivable or trade credit, which stymies cash flow. Those smaller B2B operators “are not in the best position to be accepting and taking creditrisks,” Sebastian Rymarz, chief business officer for Fundbox , told Karen Webster in a recent interview with PYMNTS.
Third-party service providers that can sit between the buyer and supplier, for example, facilitate a payment delay for the buyer while taking on the trade creditrisk for the supplier. New Payment Models Emerging.
Today, B2C advertising is increasingly a data game served by ad platforms to consumers toting digital devices who spend most of their time with their noses inside of social networks. Besides that, they’re the ideal creditrisk and perfect target to stake the future of FinTech, payments and retail. It was a pretty good gig.
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