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SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. SMBs that nearly half (48 percent) said they don’t believe technology will impact their business.

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Deep Dive: Orchestrating Complex Authentication And Fraud Decisioning

PYMNTS

Banks are increasingly embracing new channels to offer seamless omnichannel services to their customers, but doing so often creates silos that handle large amounts of collected data. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

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Citi: Healing Broken PPE Supply Chains With Streamlined Cross Border Payments

PYMNTS

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. With high transaction values and sellers across borders, these purchases would traditionally take several days to complete.

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AP Automation’s Role In Paying The Gig Economy

PYMNTS

That information flow comes in on a real-time basis, rather than through the typical process of month-end reconciliation. might take an Excel file out of a performance measurement system and upload the file to its bank. However, the firm that expands to 12 countries might use its bank to send payments across international wires.