Financial institutions are looking to build out their offerings for corporate customers with a range of FinTech integrations. This week’s examination of the latest FinServ partnerships finds a focus on corporate card, liquidity management, and commercial lending products as banks seek efficiencies in third-party integrations....
Today in B2B payments, LogicSource explores the strategic role of procurement, and Virgin Money teams up on business lending. Plus, Lano discusses cross-border payroll, Fiserv launches earned wage access tool for employers and Pacific Western Bank creates a virtual commercial card. Deriving Value From Procure-To-Pay...
Pacific Western Bank (PWB) has announced a new partnership with Extend, which will help launch a virtual Mastercard commercial credit card solution, a press release said on Thursday (April 29). PWB will now be the first bank to roll out such a simplified solution for...
For large, global financial institutions (FIs), modernizing is no easy feat. Bogged down by legacy infrastructure, big banks often find that FinTech collaboration wins in the “build-versus-buy” debate as a more agile way to digitize and bring competitive products to market. This week’s examination of...
March 22, 2023
Pacific Western Bank has bolstered its liquidity after its deposits dipped 20% over three months. The subsidiary of PacWest Bancorp has borrowed $3.7 billion from Federal Home Loan Bank (FHLB), $10.5 billion from the Federal Reserve Discount Window and $2.1 billion from the Bank Term Funding Program, PacWest Bancorp said in a Wednesday (March 22) […]
