As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Late payments are a pain point for businesses everywhere, but the U.K. has emerged as an epicenter in the fight against ever-expanding days payable outstanding (DPO). From FinTech solutions to legislation, new efforts to combat delayed invoice payments continue to emerge – and yet the...
In fast-growth small businesses, the focus is on expanding the top line — not tackling the paper chase in the back office. Yet, without the resources to invest in finance teams, many firms simply maintain the status quo of unaudited spend, the end result being...
Citi is signing on to Contour’s blockchain-driven trade finance network, Contour announced in a press release on Sunday (Feb. 16). The bank joins numerous banking giants on the Singapore-based network (including HSBC, Standard Chartered and Bangkok Bank), and made an investment in Contour through Citi Ventures....
Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point since 2007, according to index provider IHS Markit. Investors are betting that strong continued support from central banks will make...
In a boon for small business (SMB) banking, Redwood Bank has teamed up with Insignis Cash Solutions to offer savings accounts to Insignis’ SMBs through the Insignis Cash Platform, according to a press release. As of mid-February, clients of Insignis can put funds into a Redwood...
The U.K. Competition and Markets Authority (CMA) has approved the acquisition of Experian Payments Gateway (EPG) by B2B payments firm Bottomline Technologies after finding the deal won’t negatively impact competition, according to a CMA report on Tuesday (Feb. 18). Get the Full Story Complete the form...
Going cashless has long been a conversation in the consumer payments world, but a new report from HSBC in the U.K. suggests businesses could be following suit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With speed being the most obvious value proposition of real-time payments capabilities, and with businesses often looking to extend payment terms as long as possible, it’s difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP)...
