Macroeconomic dislocations have highlighted the need for organizations to future-proof their businesses against uncertainty. Times of turmoil generally provide firms with a key opportunity to focus, or refocus, on the fundamentals. Dimitri Dadiomov, co-founder and CEO at money movement application programming interface (API) Modern Treasury,...
Pinwheel has partnered with Visa to provide consumer-permissioned income and employment data to businesses. By joining the Visa Fintech Connect Program, Pinwheel can provide this data to merchants, financial institutions and FinTech companies more easily and with additional security and compliance, the companies said in a Wednesday (March 29) press...
Fighting B2B payments fraud starts with acknowledging that financial risk management starts from within. A continuous audit and data validation has been shown to be a key ingredient in the fight against business payments fraud, as nsKnox Chief Operating Officer Nithai Barzam told PYMNTS in...
Some people build businesses, others buy them. And some people build companies, sell them and buy other firms. But regardless of the strategy, there’s a simple commonality and necessity underpinning it all: capital. It’s the lifeblood that gets new business off the ground, that sustains...
Managing global risk has become more complicated than ever. Risk managers must not only confront issues of maintaining global regulatory compliance concerning anti-money laundering (AML) and know your customer (KYC) standards but also contend with global events that cause marketplace uncertainty and often threaten to...
“Each day looks wildly different.” Tom Frantz, risk manager at Airbase, told PYMNTS that in an uncertain macro environment, as companies move increasingly online and cybercriminals become increasingly wily, the risk manager must wear a variety of different hats. “You’ve got to get your hands...
Deductions occur when buyers fail to pay manufacturers the full price for their products as listed on their invoices, and they may occur for several reasons. Buyers could receive damaged or defective products, for example, or they may have received more inventory than they purchased....
Treasurers are facing an uphill battle in supporting their organizations’ long-term growth strategy. While they must face the expected challenges of competition and changing consumer expectations for user experience, they must also deal with an entirely new landscape of risk. From geopolitical unrest to public...
Fraudsters aren’t contained to a 9-to-5 workday, and they’re not off on holidays and weekends. Instead, they’re working all hours of the day and night. “So from that perspective, you need to have a solution that, if there is something that goes bump in the...