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Open Banking Adds Intelligence To Treasury Management

PYMNTS

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount. Even so, Turner said U.S.

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CFOs Leaving Legacy Process In Their Digital Dust

PYMNTS

We discover a basic truth upon reading PYMNTS November 2020 CFO’s Guide To Digitizing B2B Payments done in collaboration with Comdata : many treasury operations need digital triage. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019.

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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

Being able to transmit this type of data via blockchain would make B2B processes like invoice processing and payments far quicker, the company explained. Intra-bank is easier to manage, but inter-bank solutions rely on industry harmonization,” the firm explained when asked about some challenges to the adoption of a solution like this.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

A new report from Deutsche Bank suggests that even if adoption of accelerated payments remains muted for corporates, the trend is still affecting the enterprise and how it manages money — a fact that corporate treasurers must pay particular attention to. It’s not huge, but it’s not dismissible, either.

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APIs Explore The Opportunity Of Mid-Market Liquidity Management

PYMNTS

As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). ” Open Banking’s Cost-Saving Opportunities. .”