PYMNTS

APRIL 29, 2020

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This week’s look at the latest in bank-FinTech collaborations reveals two new open banking initiatives from FinTechs designed to address back-office friction for banks.

Banking 95

Banking Foreign Exchange Invoicing Finance 95

PYMNTS

JULY 3, 2020

Open banking is shaking up the financial industry and is poised to revolutionize the way banks share data with each other as well as with third-party app developers, FinTechs and payment providers. There are a multitude of benefits that open banking brings to B2B payments. Open Banking Initiatives Around The World.

B2B 111

B2B Banking Invoicing Reconciliations 111

CFO Talks

OCTOBER 3, 2024

Cash Handling Issues : Missing deposits, discrepancies between sales records and bank deposits, or unauthorised cash disbursements are red flags. Implement Physical Controls : Use secure access controls for inventory and cash storage areas and install surveillance cameras where high-value items are kept.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

PYMNTS

JUNE 6, 2019

Business consultancy CGI has announced a collaboration with invoice payments FinTech Ordo to develop a service that combats fraud for both payers and payees. In a press release on Wednesday (June 5), the companies announced their tie-up, which aims to boost efficiency of invoice payments on both sides.

Invoicing 48

Invoicing Securities Banking Marketing 48

PYMNTS

MARCH 22, 2019

One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence.

Invoicing 65

Invoicing Finance Manufacturing Securities 65

PYMNTS

JUNE 20, 2019

Open Banking platform Trade Ledger is introducing an invoice financing solution for banks and alternative lenders, the company announced this week. Based in the cloud, the invoice financing tool will be available to financial institutions (FIs) in Australia, Europe and Asia.

Invoicing 49

Invoicing Finance B2B Compliance 49

PYMNTS

NOVEMBER 10, 2020

Bank has rolled out its new AP Optimizer, which is a digital tool that works to simplify invoice processing and payments for businesses, according to a press release. Bank, according to the release. Digital invoicing has become popular throughout the pandemic, with WEX Inc. With AP Optimizer, the release stated, U.S.

Accounts Payable 80

Accounts Payable Banking Invoicing Treasury 80

PYMNTS

DECEMBER 7, 2020

You’d be forgiven for thinking that, in banking, the deal is dead. NCR Digital Banking Senior Vice President and General Manager Doug Brown told Karen Webster there will be an acceleration of deal making on the other side of the pandemic, particularly as financial institutions (FIs) recalibrate and expand their digital efforts.

Mergers and Acquisitions (M&A) 113

Mergers and Acquisitions (M&A) Banking Invoicing Leverage 113

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

JULY 2, 2020

The banks and payments providers that process these transactions often have difficulty interfacing with incompatible systems, slowing down the payments process and leaving the businesses involved to figure out how to make ends meet. The APIs that facilitate these transactions also provide superior payment security.

B2B 109

B2B Banking Securities Invoicing 109

PYMNTS

JANUARY 17, 2021

Cloud-based accounting software solution provider AlignBooks will be working with ICICI Bank , a private-sector bank, to deliver a new, simple digital banking experience for small- to medium-sized businesses (SMBs), CRN India reported. We are delighted to partner with AlignBooks.

Banking 61

Banking Reconciliations Invoicing Accounting 61

PYMNTS

MARCH 3, 2020

As part of a broader effort to bring the newest innovations to its operations, the National Bank of Fujairah PJSC (NBF) has teamed with blockchain firm Ripple to enable cross-border payments via the RippleNet platform. The technology allows the bank to tap into Ripple ’s cross-border network and improve its user experience.

Banking 100

Banking Treasury Invoicing Leverage 100

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Banking 69

Banking Treasury Compliance Risk Management 69

PYMNTS

JULY 6, 2020

Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. Impacts expected from open banking on the laggard B2B payments space are hard to understate. Laggard No More.

B2B 76

B2B Banking Invoicing Education 76

PYMNTS

MARCH 25, 2019

A new report has revealed that invoice fraud cost U.K. Invoice fraud happens when criminals pose as a regular supplier and make a request for their bank account information to be changed, usually via email. Invoice fraud could happen to businesses of all sizes. Even tech giants can be hit with invoice fraud.

Invoicing 59

Invoicing Economics Finance Accounting 59

PYMNTS

APRIL 7, 2020

What we’re trying to do is leverage open banking to replicate a FedEx or Amazon experience where businesses know where their payment is at any given point of time, so they have real-time cash flow positioning.”. Instead, collaboration and connectivity enabled by an open banking approach will be key. That is a powerful offering.

Leverage 83

Leverage Banking B2C B2B 83

Future CFO

OCTOBER 19, 2021

Gartner forecasts that global spending on security and risk management will exceed US$150 billion in 2021 adding cloud adoption and remote working to the mix of reasons for the spend. Such phishing emails usually direct the victim to a fake website to steal sensitive data such as login credentials and banking details. Sim Beng Hai.

Securities 52

Securities CFO Risk Management Finance 52

PYMNTS

DECEMBER 22, 2020

The State Bank of Pakistan (SBP) is looking at making corporate supply chains digital, a report from Pakistan Today stated, with an eye toward more financial inclusion. “It It is the overarching aim of the State Bank to ensure a safe and secure financial system," said SBP Deputy Governor Sima Kamil at a web conference, per the report.

Banking 86

Banking Invoicing Financial Systems Retail 86

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Payoneer Debuts Program For Banks. Banking and accounting for U.K.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Banking 67

Banking Accounts Payable B2B Invoicing 67

PYMNTS

AUGUST 14, 2017

Berlin-based fintech Billie announced it will now offer small and medium-sized businesses (SMBs) invoice financing, following an agreement with internet technology and financial services provider Wirecard. Invoices can be easily uploaded with the result that the invoice amount is paid out in full immediately,” said Grobe.

Invoicing 53

Invoicing Finance Construction Sales 53

PYMNTS

APRIL 22, 2019

Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.

Invoicing 43

Invoicing Finance Pharmaceutical Auditing 43

PYMNTS

MARCH 20, 2017

the cloud-based treasury and working capital solutions company, announced Friday (March 18) that Pimkie chose its supply chain finance solution to manage its supplier invoice financing program. In a press release, Kyriba said Pimkie is using its reverse factoring solution to offer suppliers early payment of invoices. Kyriba Corp.,

Invoicing 40

Invoicing Treasury Currencies Finance 40

PYMNTS

JULY 3, 2020

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department. . ” Offering the Right Tools.

Accounts Payable 85

Accounts Payable Accounting Banking Invoicing 85

PYMNTS

FEBRUARY 27, 2020

Small businesses continue to embrace digital banking. At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open Banking Drives Challenger Bank Adoption.

Banking 77

Banking Accounts Payable Invoicing Currencies 77

PYMNTS

JANUARY 20, 2021

Xero , a global small business cloud accounting platform, is working with South Africa’s Nedbank to give small- to medium-size business (SMB) clients a digital, application programming interface (API)-enabled bank feed to access financial data, according to an ITWeb report.

Banking 67

Banking B2B Invoicing Accounting 67

PYMNTS

JULY 5, 2019

FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange , for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing House.

Banking 69

Banking Invoicing B2B Prioritization 69

PYMNTS

JULY 8, 2020

The farming and agriculture industry remains a pillar of society, and some of the world’s largest banks — like France’s Credit Agricole — first began as institutions to finance small farming businesses. the agriculture sector is widely ignored by big banks and FinTechs. After securing its full banking license in the U.K.

Banking 52

Banking Invoicing Finance B2B 52

PYMNTS

JANUARY 14, 2021

Today in B2B payments, Citi announces its news Treasury and Trade Solutions (TTS) head, while Rho lands new funding and adds accounts payable to its business banking technology. Plus, Medius collaborates on invoice management, TravelPerk acquires NexTravel, and Sweep lands funding for T&E tools. 13) announcement. Sweep Raises $1.2

B2B 56

B2B Accounts Payable Banking Invoicing 56

PYMNTS

OCTOBER 8, 2019

These tools enable companies to automatically scan and digitize invoice data, removing the likelihood of mistakes during the manual data-entry process. Additional services match purchase orders (POs) with invoice numbers, and automate other processes important to accelerating approval procedures. Find the story in the Tracker.

Accounts Payable 54

Accounts Payable Banking Invoicing Education 54

Global Finance

SEPTEMBER 6, 2024

Digital solutions are helping corporates manage global shifts, says Aaron Chiew, head of IBG Digital Channels for the Institutional Banking Group at DBS Bank. The first is to simplify relationship onboarding and make banking with DBS even easier. GF: How is generative artificial intelligence (GenAI) benefiting corporate banking?

Leverage 98

Leverage Banking Treasury Invoicing 98

PYMNTS

APRIL 16, 2020

Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption. The Spice House Secures Supplier Payments With Cloud-Based Payment Portals.

Securities 52

Securities Accounts Payable Healthcare Invoicing 52

PYMNTS

APRIL 17, 2020

Open banking regulations across Europe kicked open the door for a wave of FinTech competition, with consumer-facing personal finance management (PFM) right in the crosshairs of innovators’ efforts. Small businesses and corporate end-users have emerged as powerful drivers of exploring new use-cases for open banking and PSD2 regulations.

Banking 83

Banking Reconciliations Prioritization Accounting 83

PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. 12,600 was scammed from an Australian business via a fraudulent invoice , local reports said. But the BEC scam is not the only kind of business payments fraud plaguing firms today.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

PYMNTS

APRIL 17, 2020

Smooth accounts payable (AP) processes are critical in the spice business, in which purveyors must send funds securely to vast numbers of distributors and growers worldwide. Suppliers often feel that such transactions are secure and enable them to avoid the processing fees involved in accepting credit cards. Savoring Safety.

Accounts Payable 60

Accounts Payable Securities Accounting Invoicing 60

PYMNTS

NOVEMBER 8, 2018

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances.

Banking 76

Banking Retail Startups Treasury 76

PYMNTS

JUNE 7, 2018

Most business still looked to banks, despite the fact that in the wake of the financial crisis and subsequent credit crunch, lending from banks more or less ground to a halt where SMBs were concerned. BlueVine’s only other product, invoice factoring, targets much larger businesses. Fun with Factoring and the Future.

Invoicing 49

Invoicing Data Analysis Credit Risk Risk Management 49