Today in B2B payments: ION Treasury discusses the bank-treasurer relationship, and OCBC Bank adopts Visa Commercial Pay. Plus, Alkami explores community FIs’ business banking opportunities, Ebury enhances Chinese supplier relationship management and BluePallet launches a B2B marketplace for the chemicals industry.
How Banks Can Accelerate — Or Stifle — Treasury Optimization
Community FIs Consider The Competitive Advantage In Business Banking
The narrative of banking competition today remains focused on helping traditional institutions compete with agile FinTechs. Yet, in business banking, Alkami Founder Stephen Bohanon says that even community banks can give FinTechs a run for their money — if they embrace a mindset shift.
OCBC Bank Taps Visa Commercial Pay To Digitize B2B Payments
Ebury Debuts Program To Ease Chinese Supplier Relations
Ebury’s new Parallel Forward program will help to ease trade with Chinese suppliers, a company blog post said on Monday (May 10). The program will work to help western businesses establish long-term supply chain relationships in China and will further the company’s goal of lubricating global business flows. Transactions will be simplified, the post said, and while paying in Chinese yuan renminbi (CNY) has benefits and has become more common in supply chains, challenges remain.
BluePallet Opens Doors To Chemical Distribution Marketplace
BluePallet, a company backed by the National Association of Chemical Distributors (NACD), announced on Monday (May 10) that it has exited stealth mode to launch its digital marketplace. BluePallet bills itself as “the world’s first market network that gives verified industrial buyers and sellers control over their supply chain,” supported by the NACD’s network of 400-plus members and affiliates. BluePallet says its market network is “modernizing global chemical sales” at a time when America’s nearly $1 trillion chemical shipment industry is trailing others in digital commerce. So far, 37 NACD distributors are taking part in the platform.
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