PYMNTS

JUNE 17, 2020

Today, B2B payment terms are in dramatic flux, while supply chain disruptions have led to bottlenecks that leave some vendors in short supply of cash. Broadening Risk Mitigation. Having announced a partnership with Dun & Bradstreet , Velotrade is expanding the pool of data from which it draws to underwrite financing.

Finance

PYMNTS

APRIL 1, 2020

In a recent conversation with Karen Webster, he discussed why big-box retailers that have struggled to compete in an eCommerce ecosystem found an unexpected leg-up as they stepped into the B2B business model. B2C Sellers’ B2B Incentive. “How do you underwrite somebody today?”

B2C

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. The company issued a press release on Thursday (Jan.

Underwriting

PYMNTS

NOVEMBER 17, 2020

Biz2Credit's technology can also enhance underwriting to mitigate risk even further for the financial institution (FI), it said. Targeting FIs, Nucleus Software has rolled out its latest technology with a focus on supply chain risk mitigation. Nucleus Software Debuts Supply Chain Tech For Banks.

Finance

Tearsheet

AUGUST 7, 2024

Morgan’s extensive client relationships with Slope’s AI-driven B2B payment platform. Morgan’s fortress balance sheet and depth of client relationships with Slope’s strengths in underwriting and credit risk monitoring as well as platform flexibility, we are well-positioned to meet our clients’ needs in a rapidly evolving market.

AI

PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., The other strategy is to migrate to another payment rail, likely Automated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

ACH

PYMNTS

APRIL 9, 2019

. “But they’ve probably grown up separately because, traditionally, banks have looked at one as a financing opportunity or corporates looked at one as a monetization opportunity, and the other is pure risk mitigation. The tool, Kocher explained, acts as a sort of “outsourcing” of the underwriting process.

Finance

PYMNTS

MARCH 3, 2020

In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk. Mitigating risk and establishing clear payment terms from the outset is only the beginning of the AR optimization process.

Accounts

PYMNTS

SEPTEMBER 7, 2017

B2B payment processing company Matrix Payment Systems is linking up with AR and buyer credit platform Apruve to streamline cash flow between trading partners. Together, we can transform the B2B payments landscape.”. In an announcement Wednesday (Sept. In an announcement Wednesday (Sept. Last year, Apruve announced it raised $2.25

B2B

PYMNTS

MARCH 20, 2020

But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to risk mitigation. ” The U.S.’s ’s Open Banking Path.

Risk Mitigation

PYMNTS

OCTOBER 21, 2019

Providing consumers with sufficient supports can address these potential obstacles and speed up loan underwriting timelines, benefiting both borrowers and lenders. Organizations working to alleviate those pains need to ensure they can boost underwriting speed while carefully protecting consumers’ and FIs’ safety.

Underwriting

PYMNTS

OCTOBER 7, 2016

” 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.

Origination

Fintech Finance

MARCH 6, 2024

Supporting the rapidly growing B2B e-commerce space has been an integral part of Allianz Trade ’s strategy for several years. Allianz Trade is now gearing up to accelerate and go further in order to support more efficiently the B2B ecosystem and to adapt its offer to the rise of e-commerce trade flows.

B2B

PYMNTS

JULY 3, 2018

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. The issue at hand, however, is that Facebook stats are hardly reliable to traditional lenders mitigating the risk of small business borrowers.

Underwriting

PYMNTS

JANUARY 2, 2020

Trust in B2B eCommerce is critical for both buyer and suppliers, and as more businesses demand to conduct trade online, B2B eCommerce platforms like Alibaba are positioning themselves as facilitators of this buyer-supplier trust. But as Onan pointed out, Alibaba is focusing on small business buyers as well as sellers.

B2B

PYMNTS

MARCH 31, 2020

There are risks on all sides of a B2B transaction in the agriculture industry. And amid this complexity, as farmers struggle to accelerate cash cycles, the trade finance that would traditionally support a seller’s cash flow is often unavailable as traditional financial institutions struggle to underwrite such a high-risk industry.

Blockchain

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.

B2B

PYMNTS

OCTOBER 16, 2018

There is widespread opportunity for FinTech to enhance visibility into the B2B payments process in the construction space, promote faster electronic payments and boost cash flow visibility. Many of these factors are key to not only underwriting a loan, but enabling a borrower to draw down on that financing.

Mitigation

PYMNTS

MARCH 13, 2020

Yet when used responsibly, supply chain finance — a process in which financing is approached from a buyer’s accounts payable (AP) side, not from the supplier’s accounts receivable (AR) side — can be effective at promoting healthy cash flow for both ends of a B2B trade transaction.

Finance

PYMNTS

SEPTEMBER 7, 2018

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups. million.

Finance

PYMNTS

JANUARY 19, 2017

Nixing paper-based processes, reducing errors, minimizing fees and mitigating costly risk all contribute to cost savings for the financial services space, McKinsey concluded. W here Blockchain Makes An Impact. The report identified dozens of potential use cases of the tool.

Blockchain

PYMNTS

APRIL 3, 2019

The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and risk mitigation. Rapid Expansion. Technology, Partnerships Address the Gaps.

Small Business

PYMNTS

JULY 31, 2019

That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. Still, according to Shidfar, the open banking business model has allowed the MCA provider to take a more secure approach to underwriting that mitigates risk both for the lender and the borrower.

Federal Trade Commission

PYMNTS

MARCH 10, 2020

As a whole, these services have one thing in common: They all reflect technology’s heightened ability to promote stronger buyer-supplier partnerships, with solutions that deepen AR-AP ties while also looking at ways to use automation, data intelligence and FinTech to ease friction for both ends of the B2B transaction.

B2B

PYMNTS

APRIL 15, 2020

As organizations are scrambling to digitize their B2B payment processes in a remote work environment and prioritize liquidity management to mitigate volatility, Boost Payment Solutions Founder and CEO Dean M. Boost Finds A Surge In Corporate Card Interest. “Everybody’s really concerned about cash,” he said.

Commercial Card

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies. Technology’s Role.

Small Business

PYMNTS

JULY 18, 2017

The Chicago-based provider uses predictive analytics and digital decisioning to understand customers and make optimal decisions, mitigating fraud and risk. It then begins the underwriting process for approved applicants. At that point, live underwriters jump in and run additional reviews or verifications if they think it necessary.

Underwriting

PYMNTS

JANUARY 3, 2020

Yet, the vast majority of small firms in India remain underbanked, according to SOLV CEO Nitin Mittal, who recently told PYMNTS that opportunities to drive B2B eCommerce in India are not only vast, but open doors to support digitization and financial inclusion for SMBs. Addressing The Digitization Gap. Alternative Financial Data.

Financial Inclusion

CB Insights

NOVEMBER 21, 2019

Companies in this subcategory (1) provide technology to enable insurers across the value chain (underwriting, distribution, claims, etc.), Companies in this subcategory (1) provide technology to enable lenders across the value chain (underwriting, monitoring, distribution, administration, etc.), Payments, billing, and money transfer.

FinTech

PYMNTS

FEBRUARY 20, 2020

This week’s exploration of the latest in bank-FinTech collaborations and data integrations finds an opportunity for accounting portals to drive customer loyalty through data connectivity, while lenders embrace strengthened risk mitigation by looping directly into borrower data. Plus, a major U.S. JPMorgan Sets FinTech Data Deadline.

Accounts

PYMNTS

JULY 27, 2020

The data collected during the onboarding process is key to mitigating fraud risks for insurance companies, too. Indeed, said Bixby, although technology and automation can support accelerated onboarding, underwriting and payouts, policyholders still crave a human experience when it comes to insurance.

Innovation

PYMNTS

JUNE 7, 2019

Yet, the underwriting concerns among lenders are real, considering that as much as 90 percent of startups fail, according to Startup Genome analysis, with separate research finding it takes years for a startup to become profitable. “We can know so much about how [an] SaaS startup will operate and grow,” he explained.

Finance

PYMNTS

JULY 23, 2019

According to the publication, citing reports from Beijing media group Caixin Media, banks will be required to obtain primary, original documentation from the corporate borrower and its trading partner to stronger finance underwriting. JD.com, Suning.com Spark Concerns. Noah, however, claims that it had verified all documentation with JD.com.

Finance

PYMNTS

JANUARY 30, 2019

The PayNet tool uses the firm’s proprietary database to predict borrower risk, and will deploy Numerated’s custom rules-based and borrower segment-based credit decision-making capabilities to match lenders’ risk mitigation needs.

Risk

The Fintech Times

FEBRUARY 20, 2024

The platform called Origo is focused on speeding up the underwriting process and delivering speedier and stress free mortgages to borrowers using the power of AI. A&M will utilise Pactio’s secure platform architecture to help clients mitigate transaction risk, drive productivity, as well as improve data retention.

FinTech

PYMNTS

JANUARY 22, 2019

Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for risk mitigation and underwriting purposes.

AI

PYMNTS

OCTOBER 18, 2019

When it comes to B2B payments’ late payment problem, the root of the matter can often be traced to a lack of negotiating power between small suppliers and large corporate buyers. Blockchain Mitigates Risk. This mitigates a range of risks, both for trading partners and their financiers.

Blockchain