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How Corporate Payments Disruptors Compete, And Coexist, With Banks

PYMNTS

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. Collaboration. It’s just a natural progression.”.

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Robotics Process Automation Rakes In The VC Cash

PYMNTS

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.

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Is B2B FinTech Heating Up At The Wrong Time?

PYMNTS

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. Citi Ventures supported B2B FinTech companies like invoice financer C2FO, while iwoca got support from CommerzVentures.

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Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Arm’s length transactions for intercompany loans, for example, can be proved by time stamping the [foreign exchange (FX)] rate from a trusted third party, and then via smart contracts auto-settling at maturity,” he said.

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The Multibillion-Dollar Problem Of B2B Payments Friction

PYMNTS

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.

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