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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. According to Optal’s report, more than a third spent as much as $342 million every month on supplier payments.

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