Earnings season. drawing to close, has offered up a detailed look at how artificial intelligence (AI) is reshaping credit underwriting. In recent weeks, FinTech lenders reported that automated underwriting systems, with AI in the mix, are enabling them to process large numbers of applications and...
As software eats the business world, workflows across B2B are becoming data problems for chief financial officers. The shift reflects the broader truth about modern business that, as software eats the world, it also eats the workflow. Things that used to live inside their own...
A growing number of B2B platforms are discovering that financial services built directly into their software are becoming a powerful engine for growth. The finding comes from “B2B Platforms Expand Embedded Finance to Enhance Customer Experience, Drive Revenue,” a December data brief from PYMNTS Intelligence produced...
B2B is sitting atop a goldmine of operational exhaust in the form of payment data, and it’s mostly concentrated in the finance function. Every invoice issued, payment received, and purchase order fulfilled contains latent information about how businesses interact. Traditionally, that information has been relied...
Watch more: Need to Know With Boost Payment Solutions’ Rene Stynen At first glance, Europe appears to have solved one of modern finance’s most stubborn problems: moving money. Compared with the United States, where legacy systems have historically slowed transfers, Europe’s payment rails are widely...
Squarefi emerged from stealth Tuesday (March 10) and announced its stablecoin-based financial infrastructure for global business payments. This infrastructure is currently serving FinTechs and global platforms, and it has reached $250 million in transaction volume, the company said in a Tuesday press release. “In our conversations with businesses, the...
Even small improvements in payments behavior can materially affect working capital. At a time when capital efficiency has become paramount, companies are starting to pay closer attention to the trillions of dollars tied up in receivables globally. For many B2B companies, the real cost of...
The month-end close remains one of the most labor-intensive processes in finance. It is the ritual sprint that follows every reporting period. Spreadsheets proliferate, data is pulled from multiple systems, discrepancies are chased down, and reconciliations stretch late into the night. Despite years of enterprise...
Revolut debuted its first “ultra-premium” corporate card for customers in the United Kingdom, according to a Tuesday (March 3) press release. The company’s Titan card is designed to address concerns among business decision makers about a lack of spending visibility when employees travel, per the...