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B2B Startups Welcome Another Unicorn With TripActions Funding

PYMNTS

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. PYMNTS takes a look at the latest in B2B FinTech funding below. Based in Germany, Fraugster raised more than $13.9 million for its anti-fraud solutions designed for retailers.

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How Faster Payments Demands Faster Reactions Against B2B Payments Fraud

PYMNTS

“We can see an uptick in fraud maybe linked to a payment type, maybe linked to faster payments and beyond that, because we’re in the cloud and taking in data from multiple institutions and using machine learning.”. Even looking at faster payments alone could reveal deeper patterns in potential fraud, she said.

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Mid-Year Update on Key Trends to Watch

Bramasol

Artificial Intelligence Revolution Extends into B2B Although artificial intelligence applications such as machine learning (ML) and robotic process automation (RPA) already have been in wide usage for B2B (business-to-business) markets, the revolution spurred by new generative AI has added fuel to the enterprise adoption of artificial intelligence.

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Reverse Factoring Intensifies The B2B Late Payments Debate

PYMNTS

They added that evolving B2B payment terms have led suppliers that have historically managed days sales outstanding (DSO) between 60 and 90 days to manage payment terms of 180, 210 or even as long as 364 days. More than 60 percent of the total value of B2B trade conducted in the last year was done so on trade credit, the report found.

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How Data Guides A New Era For The ERP

PYMNTS

The boom in B2B FinTech has introduced a flurry of new solutions and platforms from which corporates and small businesses can choose. But true AI capabilities that analyze data and help to drive decision-making in the same way humans do are probably still up to a decade away.”. The ERP’s Role in a FinTech World.

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Checks, Data Sharing Limits Force B2B FinTechs To Find A Workaround

PYMNTS

though, Ceterus has been forced to work around the current limitations of data sharing between banks and FinTechs. B2B payments, it’s created an obstacle for third-party solutions like Ceterus to gain financial data to analyze. In the U.S., It’s no guarantee it will happen, however.

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Revel Steps Into The Back Office

PYMNTS

The solution also supports demand forecasting by analyzing data on sales, payment, labor and other metrics. Insights by Revel provides reports that can be customized for business owners to gain insight into a specific metric and have multiple ways of viewing data. “We Revel raised $13.5