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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.
The business-to-business (B2B) BNPL transaction works similarly to the business-to-consumer (B2C) BNPL transaction. After a third party runs a credit check and assumes the creditrisk of non-payment, a purchaser can delay payment for a fixed period or pay in whole or installments. So they are into that.
Yet the current trade credit landscape comes with significant challenges, especially for the supplier, with Floate pointing to the requirement for vendors to take on the financial risk until after an invoice is actually paid. New Payment Models Emerging.
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.
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