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Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Bloomberg To Incorporate Credit Risk Data. Everlink, FINTAINIUM Team Up To Offer Real-Time B2B, B2C Payments. 2) announcement.
Fusion RiskManagement is expanding its corporate riskmanagement software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. He added, “Fragmented programs that rely on legacy tools bear hidden costs and risks.”.
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. Transcard Embraces Track for Real-Time B2B Payments. Canada Taps Vocalink for Real-Time Rail.
Supplier riskmanagement is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. Unprecedented Risk. ” A Dramatic Shift. The New Normal.
We are working to make that more scalable and less dependent on individual relationships, but as you know, B2B is a very human business. The SaaS manager likely wouldn’t know how to bring out the best in them. CFOTL: I also want to ask about riskmanagement in today’s macro environment. The potential is huge.
While the B2B payments category was not the subject of its initial announcement, partner Lance Fenton told PYMNTS that he sees tremendous opportunity in the sector. One of the best things about B2B payments is it can work across verticals.
American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. Coupa Pay, the Coupa B2B solution, will be available for customers of AmEx's virtual cards, in a move meant to streamline the old payment processes which the release calls "outdated, complex, and inefficient.".
At a high level, the same consumers whose day jobs are to manage a company’s payments and financial controls have become accustomed to the seamless and highly personalized commerce opportunities that are available in their daily lives. The consumerization of B2B payments is taking its cue from contextual commerce.
Credit Benchmark Co-founder Mark Faulkner said in a release that the tie-up with Bloomberg "offers a welcome opportunity to provide much-needed credit transparency in areas such as securities finance, client onboarding and supply chain riskmanagement.". Everlink, FINTAINIUM Team up to Offer Real-Time B2B, B2C Payments.
B2B startups saw a little bit of everything this week when it came to venture capital. And that goes for the industries covered, too, with treasury management’s Kyriba, blockchain’s BlockApps and enterprise security’s Druva landing on the board, to name a few. Expense Management. Enterprise Security.
Today in B2B payments, American Express enhances its early B2B payment solution, and payroll provider Paylocity strikes an acquisition deal. American Express Enhances Early Pay To Ease B2B Supply Chain Payments. That aims to boost their riskmanagement and contract governance, transformation and remedial activities.
Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and riskmanagement.
In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering.
We have made — and continue to make — transformative changes to our riskmanagement structure and practices, including important work to provide greater oversight of all risk-taking activities and a more comprehensive view of risk across the company,” he said, according to the press release.
Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) riskmanagement as some of the hottest spots for investors this year.
billion, according to B2Briskmanagement consultancy Rubix Data Sciences. The revenue of India's automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2
While these challenges remain, firms must also assess and managerisks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier riskmanagement is a beast.
Don’t let the seemingly low value of $42 million raised this week by B2B venture capital firms fool you: VC activity in the space was strong, hitting key verticals like cross-border payments and SaaS. Find out who’s planning ahead in our breakdown of B2B venture capital from the week below. and international operations. YL Ventures.
Coupa , which works in business spend management, is rolling out new capabilities to help with businesses’ spend visibility while lowering risk, through a cloud-based platform, according to a press release.
BaaS looks to help modernize B2B payments, moving beyond paper checks and other long-standing and less-than-efficient payment methods. RiskManagement. Riskmanagement is critical, said Yin. Better riskmanagement comes through leveraging alternative data sources through industry conduits.
Argos Risk , which monitors the financial health of other companies, has entered an agreement with software-as-a-service (SaaS) solution Gatekeeper , according to a press release. Gatekeeper works on automating the onboarding process and offers integration support for hundreds of companies.
NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. The group is focused on addressing issues like payments friction and access to cash flow, as well as security and riskmanagement of ACH payments.
This week's B2B Venture Capital roundup saw more than $76 million in new funding. And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities.
There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. Contrast that with the fact that well over 40 percent of B2B invoices are still paid by paper check. It’s a situation that has gone from inconvenient to insufferable in just a few years, and 2020 appears to be a tipping point.
The companies said Thursday (June 22) that they are partnering to enhance credit risk solutions for lenders, with LexisNexis now integrating Cortera data into its Risk Solutions platform.
Esker , which specializes in artificial intelligence (AI)-driven process automation software, has launched a new supplier management solution in its procure-to-pay automation suite, which will help businesses manage and automate their supply chains, according to a press release.
A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. Engage:BDR.
Despite some drawbacks, legacy rails have mounds of potential to tackle a multitude of B2B payments friction points. For payments technology players, finding the opportunities to build upon existing infrastructure continues to open up new doors in B2B payments improvements. Adflex Eyes Card Rails For B2B.
It’s happening in the B2B space as well, and not a moment too soon, as many B2B systems are in definite need of an upgrade — and could learn a thing or two from the consumer side. Growth] in API usage has resulted in B2B transactions’ unparalleled acceleration, but banks must still contend with fraud threats,’ the Tracker states.
To thrive in this environment, companies need to look beyond static credit data and embrace a more holistic, real-time approach to riskmanagement. This hybrid approach enhances predictive accuracy, allowing for smarter, faster decision-making that balances risk and opportunity more effectively.
More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short. That’s followed closely by performance riskmanagement and strategic/operational riskmanagement, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.
Ho also shared why Taulia’s financing arm remains independent and how its role as a trusted data partner supports risk decisions without taking on credit risk. His leadership blends operational discipline with a deep respect for people dynamics—especially in a B2B environment where trust and technology must move in lockstep.
Equity investments reigned this week, thanks to backing for accounts payable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space.
B2B startups are increasingly building themselves on top of troves of enterprise data, uncovering new ways to unlock and aggregate information across enterprise platforms, and introducing new ways to analyze and make use of that data. million was raised by B2B startups tearing down data silos. In all, more than $87.8 Access Fintech.
” B2B payments is another area of corporate finance that some analysts expect blockchain to disrupt in a major way. Dun & Bradstreet research published in November found one-fifth of professionals surveyed said they have already implemented blockchain technology for B2B payments. ”
Headquartered in Helsinki, Enterpay’s automated invoicing payment solution works to optimize the payment process for B2B eCommerce companies, allowing them to increase profitable customers via improved credit scoring and automated invoicing. Finnish invoicing company Enterpay announced that it has closed a €1 million ($1.1
WorldFirst is looking to expand its B2B payments position through an acquisition of CurrencyVue, the company said on Monday (March 4). CurrencyVue offers a foreign exchange riskmanagement platform that integrates with companies’ existing ERP and accounting systems.
Linked2pay pointed to B2B payments as a particular area that could see positive disruption from faster payments initiatives. “The consolidation of riskmanagement and payment solutions on the Bank Centric Payments platform is ideal as a host environment,” he said. The company said Tuesday (Nov.
In a recent interview with PYMNTS, Behlendorf explained why he believes technologies like blockchain and distributed ledger can make B2B payments run more smoothly for businesses of all kinds. These FIs often team up to tackle riskmanagement evaluations and other operations. A Faster Car (Payment). It could change a lot.”. .
Digital procurement software firm GEP is targeting risk associated with B2B trade with a new partnership. The company revealed this week that it is partnering with Global RiskManagement Solutions (GRMS) to integrate GRMS’ supplier riskmanagement capabilities within the GEP procurement platform.
This week, Bectran, which provides a B2B credit management solution, announced enhancements to its Cash Application automation capabilities. Equiniti Eyes APIs for RiskManagement. Bectran Augments Cash Application With API.
While there were no mega-deals in the B2B startup funding realm this week, it was still a busy time for companies and investors, with many funders targeting companies operating in less common markets. One of the largest investment rounds of the week went to China’s Haoqipei, a B2B eCommerce platform designed for the auto parts industry.
Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. Fairmarkit. challenger bank Starling Bank has announced $38.7
He advocates for dynamic adjustment of payment terms based on these insights: "When they have visibility of these insights, Businesses might implement shorter payment periods for higher-risk customers or offer extended terms to reliable clients with strong credit histories."
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