B2B Payments

The highly complex payments processes and networks that power $120 trillion in payments flows that move between businesses globally each year. The B2B Payments ecosystem is undergoing a massive digital transformation as corporates move away from paper-based processes and payments methods to digital workflows that more efficiently move money and data between trading partners. These efficiencies give corporates more visibility into their cash position across their supply chain and innovations in accounts payments and receivables are helping buyers and suppliers to align on payments terms and trade credit.

PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud

PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
PwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
March 18, 2019  |  B2B Payments

According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a $7.4 billion accounting...

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State Banking Regs Back CA Data Privacy Plan
State Banking Regs Back CA Data Privacy Plan
March 18, 2019  |  B2B Payments

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by...

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Patriot National Hits Regulatory Snag In SBA Platform Plans
Patriot National Hits Regulatory Snag In SBA Platform Plans
March 15, 2019  |  B2B Payments

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on...

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Report: One In Seven UK SMBs Hit By Invoice Fraud
Report: One In Seven UK SMBs Hit By Invoice Fraud
March 15, 2019  |  B2B Payments

In the UK, invoice scams are still gaining traction, and significantly so among smaller firms, according to Barclays.  Elsewhere, in North America, finds another study,...

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More FIs Sanctioned By Hong Kong Watchdog In IPO Crackdown
More FIs Sanctioned By Hong Kong Watchdog In IPO Crackdown
March 15, 2019  |  B2B Payments

The Hong Kong Securities and Futures Commission has issued its largest-ever fine, which landed on international investment banks for what the watchdog found to be...

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FinTech Pressures FI Giants To Strengthen SMB Lending In Mexico
FinTech Pressures FI Giants To Strengthen SMB Lending In Mexico
March 15, 2019  |  B2B Payments

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure...

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SMB Tax Complexity Preserves Role For The Human Accountant
SMB Tax Complexity Preserves Role For The Human Accountant
March 15, 2019  |  B2B Payments

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play...

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Commerce Department Taps R3, Mastercard For Trade Finance Council
Commerce Department Taps R3, Mastercard For Trade Finance Council
March 15, 2019  |  B2B Payments

The U.S. Commerce Department is expanding its Trade Finance Advisory Council (TFAC), having recently appointed 21 new members to the group in an effort to...

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