PYMNTS

DECEMBER 7, 2020

This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. 12,600 was scammed from an Australian business via a fraudulent invoice , local reports said. PYMNTS breaks down the numbers behind the latest cases below.

Invoicing 91

Invoicing Construction Corporate Finance B2B 91

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. Banks’ ability to be empowered through data can occur in other ways beyond API integrations, though.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

JULY 1, 2020

The plans considered could have involved the Covid Corporate Financing Facility (CCFF), set up to buy commercial paper from large blue-chip companies, being amended so that invoices could flow faster for SMEs. But in recent days, respondents to the Treasury’s inquiry had trouble identifying British SME suppliers.

Treasury 91

Treasury Corporate Finance Invoicing Finance 91

PYMNTS

SEPTEMBER 28, 2020

This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. 21 percent of business leaders say payment authorization and authentication are requirements when choosing a treasury management platform , a report by Citizens Commercial Banking found. 45 percent of U.S.

Accounts Payable 96

Accounts Payable Invoicing Treasury B2B 96

PYMNTS

MARCH 8, 2019

Bank-FinTech collaborations have emerged as a viable, lucrative growth path for both sides of these partnerships. Elsewhere, B2B FinTechs targeting traditional banks for future collaborations also saw a strong investment week, including one $655.7 million round for a company linking banks with digital software.

B2B 72

B2B Banking Startups Investments 72

PYMNTS

APRIL 22, 2016

Plaid’s bank account authentication and data services are coming in handy to more corporate finance players. On Thursday (April 21), the company announced a new partnership with Jet Business Loans, an online corporate FinServ player.

Banking 40

Banking Accounts Payable Corporate Finance Invoicing 40

PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

Banking 46

Banking Invoicing Corporate Finance Finance 46

PYMNTS

JUNE 14, 2019

trillion in trade finance availability in the global economy today. Banks’ risk appetite has lowered, while regulations, some financial institutions argue, have forced financiers to reallocate resources to compliance and risk mitigation efforts, draining the trade finance pot.

Finance 40

Finance Banking Invoicing Corporate Finance 40

Generation CFO

JANUARY 5, 2022

When Aidana first started her role at HousingAnywhere in 2018 after working for IBM, Converse (now Nike) and other American corporates, finance at HousingAnywhere was rather at an ‘infant stage’, especially with regard to processes and/or structures. . Mozart is her go-to music for relaxation and stress relief.

Finance 197

Finance Budgeting Corporate Finance Accounting 197

PYMNTS

AUGUST 22, 2017

The rivalry between banks and FinTechs seems to be morphing into a B2B ecosystem of collaboration , but the latest joint initiative between KeyBank and Billtrust goes a step further: In addition to launching a partnership, KeyBank has also revealed news that it made a strategic investment in the accounts receivable FinTech.

Accounting 43

Accounting Banking Invoicing B2B 43

PYMNTS

SEPTEMBER 9, 2019

Software-as-a-Service FinTech HighRadius is collaborating with bank reference automation firm Confirmation to broaden the functionality of HighRadius’ Online Credit Application solution. The companies noted that the data integrations will accelerate collections times and drive recoveries of unpaid invoices.

Banking 43

Banking Invoicing Compliance Accounting 43

PYMNTS

JANUARY 15, 2021

Accounts payable (AP) and accounts receivable (AR) personnel could no longer be in the office to handle paper, giving rise to the discussion of migrating away from physical invoices and other documents in favor of digital, automated solutions. In reality, however, paper continues to circulate in AP and AR departments.

B2B 73

B2B Invoicing Accounts Payable Prioritization 73

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools.

B2B 71

B2B Invoicing Startups Corporate Finance 71

PYMNTS

MARCH 7, 2019

based corporate finance operation, is broadening its position in the trade finance landscape through an acquisition of Global Technology Finance , which provides supply chain finance to value-added resellers targeting the technology sector, according to reports in Asset Finance International.

Finance 51

Finance Corporate Finance Invoicing Technology 51

PYMNTS

NOVEMBER 1, 2017

Small businesses (SMBs) are increasingly satisfied with their traditional financial service providers, though banks are pushing to heighten their innovation strategies and provide SMBs with the high-tech, customized services that those small businesses demand. The Worst Offender.

Finance 54

Finance Invoicing Accounts Payable Corporate Finance 54

PYMNTS

FEBRUARY 27, 2017

In an interview with PYMNTS, Prabhat Vira, president of Tungsten Network Finance, said that the goal of the pact is to extend the services offered to firms using e-invoicing to bring early payment and financing agreements to those larger firms and their suppliers, adding working capital financing tied to invoices.

Finance 58

Finance Invoicing Corporate Finance Manufacturing 58

PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. P-cards were used to settle those fraudulent invoices, the allegations say, and the money went to those managers and the third-party vendor. percent for small banks.

B2B 62

B2B Invoicing Corporate Finance Transportation 62

PYMNTS

JUNE 6, 2016

Listen up, lenders: Research on small businesses’ banking habits can offer valuable insight into the SME customer base. 56% of SMEs expect to pay bills via online banking more frequently this year , a sign that small businesses’ digital banking and payments needs are evolving, according to Fiserv research.

Banking 41

Banking Finance Cash Management Invoicing 41

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Direct Competition.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

SEPTEMBER 20, 2018

Much of that innovation has been focused on corporate finance and payments, as top financial services players have introduced new blockchain solutions in an effort to disrupt and improve corporate payments. in blockchain development efforts.

Corporate Finance 75

Corporate Finance eCommerce Healthcare Finance 75

PYMNTS

JULY 17, 2019

B2B payments and accounts receivable solution provider Optal is collaborating with Lloyds Bank , the companies announced Tuesday (July 16). Lloyds Bank will connect its own commercial clients to Optal’s B2B transaction optimization solutions with a focus on helping those clients’ B2B vendors accept card payments via Optal’s Invapay solution.

B2B 40

B2B Corporate Finance Invoicing Banking 40

PYMNTS

MAY 1, 2018

B2B payments is at the center of efforts to innovate by FinTechs, banks and others, but corporates’ business-to-business payment processes remain complex, erroneous and a deterrent to growth. For more than two-fifths of professionals surveyed, their organizations received more than 2,000 invoices every month.

B2B 47

B2B Invoicing Foreign Exchange Pharmaceutical 47

Accountancy Today

APRIL 12, 2023

The professional accountancy membership body has partnered with White Oak, one of the largest FCA regulated non-bank lenders in the UK. The solutions will support all aspects of SMEs’ finance needs in excess of £25,000, providing VAT, tax and working capital loans, asset and invoice finance, as well as asset-based lending.

Finance 52

Finance Invoicing Accounting Leverage 52

PYMNTS

DECEMBER 10, 2018

percent equity interest in Hangzhou Zeshi Investment Partners, which will enable China Lending to launch its new supply chain financing services in the near future, including financing products design, related corporate financing solutions, investments and asset management, and more. trillion in 2017.

B2B 60

B2B Accounts Payable Corporate Finance Finance 60

PYMNTS

MARCH 7, 2019

Wirex , which providers consumers with an account to store both fiat and cryptocurrency, recently stepped into the corporate finance space with the launch of its business account. Yet many experts doubt that cryptocurrency can be the solution to these points of friction, especially when it comes to the B2B use case.

B2B 67

B2B Currencies Corporate Finance Finance 67

PYMNTS

NOVEMBER 16, 2018

RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accounts payable, accounts receivable, cash flow management and more. For instance, its LaaS platform lets businesses provide invoice or payroll financing to their customers.

Accounts Payable 77

Accounts Payable Foreign Exchange Currencies Startups 77

PYMNTS

FEBRUARY 13, 2019

In the accounting space, that means integrations with enterprise resource planning (ERP), accounts receivable, accounts payable, procurement, banking and other portals. To illustrate the point, Love offered the example of one Codence client that uses a time-logging solution, which had to be integrated with an invoice module.

Finance 75

Finance General Ledger Math Accounts Payable 75

PYMNTS

JUNE 13, 2016

88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis. TD Bank Head of Corporate Products and Services Rick Burke said corporate treasurers need to begin a dialogue with their banks and financial services partners to integrate adequate security controls within their corporations.

Accounts Payable 41

Accounts Payable Corporate Finance Treasury Invoicing 41

PYMNTS

FEBRUARY 9, 2018

Since its launch, the firm added working capital analytics and other tools for its corporate finance clients. Catfoss Finance. Germany’s challenger bank Penta announced $2.7 While the challenger bank community has received the most attention in the U.K., Corporate Accounting. Alternative Lending.

B2B 40

B2B Cash Flow Forecasting Treasury Startups 40

PYMNTS

SEPTEMBER 21, 2018

20) said KeyFleet is rolling out KeyFinance, a division of the business dedicated to linking fleet managers using its solution to financing offerings. The company has reportedly already secured investments from 20 banks in the U.K. to finance the commercial funding. Like many alternative finance players in the U.K.,

Finance 48

Finance Invoicing Communication Banking 48

PYMNTS

APRIL 9, 2019

While use of trade finance continues to climb, the International Chamber of Commerce ‘s Banking Commission has warned the financial services market that small and medium-sized business (SMB) access to trade finance is disproportionately low, as large financial institutions (FIs) pull back from the SMB borrower segment.

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

PYMNTS

MARCH 21, 2016

Banks should be updating their legacy infrastructure, corporate sales and payments should be going digital and businesses should be safeguarding their systems against high-tech cybercriminals. Everett, assistant professor of finance and director of the Pepperdine Private Capital Markets Project, in a statement.

Forecasting 40

Forecasting Invoicing Manufacturing B2B 40

PYMNTS

MAY 27, 2016

bank to use blockchain for international payments, according to a Reuters report — and it is said to possibly bring the service to its customer base within the year. Ground Zero’ For Banks And Blockchain. As for what else happened this week in bitcoin … Santander Takes Blockchain Cross-Border. Santander has become the first U.K.

Math 41

Math Currencies Corporate Finance Valuation 41

PYMNTS

MARCH 1, 2016

Alternative finance, challenger banks and foreign exchange players collectively made up 46 percent of funding in the country, though none of these segments secured more than 20 percent of the backing. Still, however, the deals that are being struck are increasingly for companies that cross over between consumer and corporate payments.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

APRIL 19, 2016

Some of the biggest names in banking participated in the Series E funding round for digital billing and payments company Transactis , a SaaS startup that aims to help corporations reduce their dependence on paper invoices, bills and other documents in favor of digital payments solutions.

Startups 40

Startups B2B Treasury Invoicing 40

PYMNTS

APRIL 1, 2016

Offerings from FIs, like mobile banking and electronic payment support, can help encourage businesses to make the shift to ePayments, the executive said, but legacy payment technologies also need to be addressed. Bank, for instance, has just rolled out the small business version of its mobile app to facilitate mobile deposit of checks.

B2B 41

B2B Accounts Payable B2C Banking 41

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. ” Increasingly, MSPs are tasked with handling more financial data as well, from sources like invoices and payments of their customers.

Finance 43

Finance Financial Data Invoicing Communication 43