The coronavirus pandemic has exposed vulnerabilities across doing business as usual, as the nature of commerce and how we pay has changed on a dime, moving online with breathtaking speed. To that end, said Daniela Mielke, CEO at RS2 Software, in an interview with Karen...
The digital transformation of corporate treasury is not a destination; it’s a journey. In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at J.P. Morgan, said treasurers seeking to gain visibility into cash management can find...
B2B commerce was headed in a digital direction – albeit slowly – before anyone ever heard of COVID-19, with 13 percent of U.S. B2B transactions expected to happen online by 2021 pre-pandemic. That’s all going to change now as B2B commerce adapts to the new...
The sizable B2B commerce economic sector is going digital, and more than 13 percent of the U.S.’s B2B transactions are expected to take place online by 2021. Traditional purchasing, which occurs when corporate buyers call in orders and receive paper invoices via postal mail, is...
Social distancing has changed eCommerce from a ‘want to have’ to a ‘must have’ for businesses, yet retailers could struggle to create convenient payment and refund experiences for their apps and websites, says Abdul Raof Latiff, head of DBS Bank's digital institutional banking group. In...
These are trying times. The way we live life — and especially, the ways in which we transact — have seen seismic shifts. Stay-at-home mandates and working from home are now becoming the norm across the globe as the coronavirus pandemic continues. And for financial...
Open banking efforts are live in countries ranging from the United Kingdom to Singapore. Financial institutions (FIs) following these initiatives make their application programming interfaces (APIs) publicly available, which third-party developers can use to create solutions that draw on banking data from consenting users. This...
U.S. Bank and the FinTech Fiserv are collaborating to streamline data sharing so customers can easily connect their financial information with their preferred third-party app, the companies said in a statement on Monday (March 16). Consumers can safely link their data using an application programming...
Businesses depend on application programming interfaces (APIs) to ensure information flows smoothly between internal programs and software and third-party services. The technology’s significance cannot be ignored, as a 2018 survey found that each company manages an average of 363 APIs. These solutions can spare departments...