To streamline the movement of money, back-office decision making needs to be automated. Modern Treasury co-founder and CEO Dimitri Dadiomov told Karen Webster in a recent interview that the patchwork nature of banks’ and enterprises’ payment operations infrastructure is hampering the ability to track payment...
When is a product not merely a product? When it is also an experience. What does that look like? Whatever the customer says. Frustrated? Don’t be. It’s just the brave new world of customer sentiment driving product and experience design, shaped by analytics. As Paul...
In June, Ghana’s central bank launched GhanaPay, a mobile money wallet for savings and loans companies and banks, including rural and community banks. Developed through a collaboration between local banks and the country’s central bank, the Bank of Ghana (BoG), the new platform is expected...
Today in B2B payments, cross-border payments streamline eCommerce opportunities in China, while qiibee expands its blockchain-based B2B rewards marketplace. Plus, Tesorio raises $17 million amid a leadership overhaul, and Nibble Health helps to spread out the payment pain. qiibee Expanding Global Blockchain-Based B2B Rewards Marketplace...
In this third edition of a five-part series on digital transformation in the European Union, PYMNTS will be looking at data from Germany to uncover how digitally engaged people are in the country. Read the report: Benchmarking World’s Digital Transformation Following the previous two articles...
Authorized push payments (APP) fraud in the U.K. amounted to £583 million ($706 million) last year as financial fraud in the country increased 39% from the previous year. APP fraud is a type of scam whereby someone is tricked into authorizing a payment. Typically the...
Companies face two primary problems when making payments to suppliers: invoice reconciliation issues and a lack of supplier portals. In fact, each of those problems were cited by about 42% of financial institutions when they were asked about common problems their corporate clients face when...
Today in retail, Amazon is debuting an eCargo bike delivery program in London, with plans to scale the program nationally. Plus, most Amazon competitors are letting Prime Day happen without trying to slow it down, and Lululemon is expanding its footprint in Spain. Amazon Launches...
The United Arab Emirates (UAE)-based ResTech startup Supy has raised $8 million in seed funding. The round was led by BECO Capital, with the participation of existing investors including Valia Ventures and Cotu Ventures. New investors who joined the round also included Global Ventures, AMK...
