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SMB Funding Embraces The Open Banking Way

PYMNTS

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. FinTech partners include small business credit risk analysis company AccountScore and small business data company Codat.

Banking 88
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Trade Credit Insurer Waldorf Launches AR Insurance For SMBs

PYMNTS

Walford Trade Risk, a trade credit risk insurance provider, is rolling out a new product designed to help small businesses protect themselves against the risk of non-payment from their corporate customers. ”

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Why Cross-Border Trade Is All About The Connections

PYMNTS

Many banks won’t take into account a large receivable from a cross-border customer when providing capital to an exporter, an issue Pelletier said not many businesses are always aware of. That’s where connecting banks with key trade information comes into play, he said.

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B2B eCommerce Tips The VC Scales

PYMNTS

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. Funds and accounts advised by T. FinBox plans to use the investment on product research and development.

B2B 51
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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-border settlement. It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets.

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Today In B2B: Sage Collabs On Cash Management, Aareal Bank Debuts B2B Payments Platform

PYMNTS

Sage has unveiled a new partnership with Satago , a cash management and finance program for small firms and accounting professionals, according to an announcement. FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release.

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The five-step response that helps CFOs navigate uncertain times

Future CFO

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.