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Fraud, Global Payments Catch B2B VC Attention

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As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux. This week’s B2B Venture Capital roundup reflects those changing needs, with B2B fraud mitigation efforts for online businesses emerging as the funding leader.

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B2B Payments Explores An Alternative Path To ACH Adoption

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Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., The other strategy is to migrate to another payment rail, likely Automated Clearing House (ACH), which is quickly climbing the B2B payment ranks.

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Why FIs Are Taking Payments Multi-Cloud

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There is an array of benefits to wielding multiple cloud service providers, he said. It mitigates against the risk of a loss of service or vendor lock-in because if one service goes down, others are likely still running. Choosing the right third-party service providers can be tactical.

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Big Lenders Need Help With Big Data, Too

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” Financial institutions today are also struggling to connect the dots between all of the ways they use data analytics to mitigate risk and add value to their lending operations, added Horrocks. He offered the example of banks using analysis of financial statements to assess risk in the loan origination process. . ”

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Rethinking Checks’ Role In B2B Payments Friction

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This creates an interesting predicament for B2B payments disruptors: Should technology be used to make paper checks less friction-filled, or should it be used to entice businesses away from the paper check altogether? Chanda explained Paymerang’s role is to handle that extra work for clients, including risk mitigation and data digitization.

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How Privacy Guides Virtual Assistants’ Evolution In Corporate Finance

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Prophix is another company that recently rolled out its own addition to the B2B virtual assistant space, having launched its Virtual Financial Analyst for middle-market finance departments. But Ajmera said B2C and B2B data privacy challenges cannot necessarily be compared. “In in particular.

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Why Platforms Hold The Key To Igniting ePayables

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percent of survey respondents reporting that they are “very” or “extremely” satisfied with paper checks, it seems like B2B payers really don’t find them to be all that bad. Clark emphasized the importance of third-party service providers delivering a clearer message to accounts payable departments.

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