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Solna On Moving Beyond AltFin To Tackle Late Vendor Payments

PYMNTS

Broadening access to trade finance and small business (SMB) loans can help small suppliers that face lengthy payment terms from their large corporate customers to ensure operations (and cash) flow smoothly — even while they wait months to see an invoice settled. Solna , a new U.K.-based With the U.K.

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AeroPay Creates Virtual Procurement Card Unit

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AeroFund has formed AeroPay Express , a unit that provides virtual procurement cards that act as a line of credit to business payers, as well as vendor management services. Vendors pay a fee to accept the virtual card payment. We’ll get that done by providing immediate cash and pass along the savings.”.

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Even Fleet Saw Some Action From B2B FinTech Investors

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Further, he said, fueling its partnership program means Money Mover can not only grow its business, but can help accountants and consultants provide more adequate services to their own SME clients. The firm provides add-on services, including invoice automation, payments, purchase order management and accrual management.

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

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Researchers forecast mobile payments to account for $1 trillion in transactions next year. million from investors in Thailand, which will also help the company enter the Thai market. Though MC Payment operates in Singapore and, soon, Thailand, other Asia-Pacific markets support Koh’s remarks.

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How To Fix The B2B Payments In India

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The good news, he noted, is that as a green field developing market, it lacks some of the legacy features that can act as weights to innovation. There are sophisticated payment rails capable of moving money instantly, he noted, and when a buyer wants to pay a supplier that payment will route directly from one bank account to another.

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Procurement Is Ground Zero For Cybersecurity Protection

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It’s no surprise, then, that the cybersecurity market, already worth billions, is slated to hit a $170 billion market value by 2020, according to Forbes. “Regulators are requiring banks to be accountable for vendor performance, and one of the key risks with vendors is their security,” Clare stated.

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Making B2B Marketplaces Sticky

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Sridharan said the original impetus for starting Kinnek actually came from his cofounder, who was a consultant that helped large enterprises to improve their supply chain and vendor management processes. He would help them find the right suppliers and manage their complex purchasing processes.

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