The paper chase bedevils efficient buyer/supplier relationships, particularly with large corporates buyers. Previse’s CEO Paul Christensen says the enemy is process when it comes to late payments --- an enemy that might be vanquished with machine learning and artificial intelligence, which can automatically ascertain which...
Indian Bank of Baroda is working with a FinTech player to enhance its supply chain finance offerings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Swiss financial services conglomerate UBS is taking steps to improve its own back-office finance functions, working with PredictX to do so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust in the currency by foreign investors, GTR reported Wednesday (Jan. 17). Get the Full Story Complete...
The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business...
The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Charges from the recently enacted tax laws had an outsized impact on the latest quarterly results from Bank of America, just as they did for its big bank brethren. But underneath the headlines, earnings and other metrics largely came in above expectations. Get the Full...
The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Grab, the Southeast Asia ridesharing company, has inked a deal to acquire iKaaz, the mobile payment startup hailing from India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
