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There are a lot of moving parts in B2Bpayments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2Bpayments were revealed, particularly when transactions move across border. Marrying Payments With Data.
Firms looking to make business-to-business (B2B) financial operations between the US and Latin America (LatAm) market will now have an easier time doing so as Prometeo, the fintech infrastructure provider connecting global corporations, has announced Borderless Banking.
Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical. Banking-as-a-Service & Embedded Banking APIs Let’s start the top 100 fintech tools and platforms with embedded finance.
The payments outlook 2025: Strategic priorities from industry leaders May 2 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? The strategic priorities for the payments industry in 2025, as discussed by senior payments leaders who attended a Payments Labs roundtable.
Their announcement noted that The Peoples Community Bank’s current infrastructure does not support the ability to quickly build and launch new products, and with an infrastructure upgrade — which enables application programming interface (API) integration with Microsoft Azure — new products can be built and launched within a matter of days.
B2B ’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. Along the way, they said, the B2Bpayments landscape itself will be transformed, chiefly through digitalization and verticalization. Where We’re Headed.
Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. The tool will enable PNC clients to disburse money at speed to their own clients as well as their employees, without having to fall back on legacy payment methods.
financial institution HSBC is rolling out a suite of APIs (application program interfaces) designed for corporate treasurers to more seamlessly initiate financial transactions. Reports in Treasury-Management on Wednesday (Jan. 15) said HSBC announced the launch of its TreasuryAPIs in 27 markets around the world.
Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. This creates new challenges and paradigms for payment flows. B2B eCommerce sales in the U.S.
For many businesses both large and small, payments received on a timely basis can give a boost to a business’ efforts to remain financially sound, hire new staff or move forward with expansion plans. Late payments, meanwhile, can damage relationships with business partners, banks and customers.
When consumers use mobile apps like Uber or iTunes, the expectation that payments occur in a seamless, integrated way represents a broader paradigm shift in the payments world — one that is seeping into the corporate community as well. procurement), and its related payments (i.e., the function of payment a vendor).
.” The friction associated with manually downloading data across banking and financial platforms, and then having to normalize it to make it usable, presents a significant opportunity for open banking initiatives and APIs in the corporate cash management space. Even so, Turner said U.S. ”
For B2Bpayments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers. Streamlining Payments For Buyers And Suppliers Too .
Open banking has opened the path toward a number of banking/FinTech and digital partnerships leveraging APIs to speed innovations. The companies said that the pact lets Horde gain access — through a single point — to the API network offered via Neonomics, with data across 1,300 banks.
Yet, as it has done in so many other areas of financial services, the pandemic has created a market climate in which banks, FinTechs and other service providers have an opportunity to embrace the application programming interface (API)-powered open banking model. Indeed, many FIs in the U.S. Earlier this year, for example, U.S. While the U.S.
28) the launch of an API to connect its clients operating in the treasury services industry to critical Citi services. According to a release , the bank’s Treasury and Trade Solutions (TTS) unit is rolling out the CitiConnect API to help treasury service providers link their own treasury and ERP solutions into Citi.
B2Bpayments are rife with frictions, including high processing costs, slow transaction times and industry players’ reluctance to embrace electronic payments in lieu of paper checks. Ensuring such payments are secure from bad actors is a priority for the banks that process them. Benefits Of APIs .
Rather, banks around the globe began to understand the potential value in opening up customer data to third-party players, and with more bank APIs emerging in 2018, the year saw a surge in data sharing. Finserv Embraces The API. “I I think for our industry, APIs are a very positive innovation,” said Hubert J.P.
In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cash management can find application programming interfaces (APIs) to be a useful (and even critical) tool. Different Approaches To APIs.
It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. Those and other questions can vex people involved in the transaction — and keep them glued to paper-based payments until the questions can be answered to their satisfaction. Will fraudsters hitch a ride?
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2Bpayments, T&E, financial management and other B2B spaces. B2Bpayments FinTech Qolo has announced a $3.8
billion acquisition of treasurymanagement technology firm Kyriba , according to Private Equity News reports on Monday (March 25). That partnership was made possible by Kyriba’s global connectivity hub, which aims to link financial systems to treasurers for integrated, automated treasurymanagement processes.
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s top cross-border payment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
Application programming interfaces (APIs) are often integral to solving such problems, according to Bridgit Chayt, Fifth Third Bank senior vice president and director of commercial payments and treasurymanagement. Chayt noted that she also sees APIs pushing treasurers toward practices that could further save time.
As treasurymanagement becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. The vast majority of treasury organizations want simple, tech-driven solutions that don’t require them to go out and make use of new products. Many-To-Many Markets .
This week, the B2B FinTech startup space bucked any notion of a VC downturn with several high-value deals, and one of the busiest VC investment roundup weeks for the B2B space so far this year. Below, PYMNTS breaks down how more than $516 million in venture capital was spread across B2B FinTech firms. Webware.io. Fractal Labs.
For businesses, slow payments are more than a simple headache. When payments are not delivered on time, they can harm a company’s finances and can put a strain on business relationships. Given the stakes, it’s little wonder why real-time disbursements technology is gaining popularity in the B2Bpayments space.
B2B FinTech saw one of its most stellar funding weeks in a while, led, of course, by the high-profile Bill.com investment. In all, the industry secured more than $324 million with B2Bpayments, logistics and artificial intelligence leading the way. B2BPayments. Payment Rails. A healthy $1.1 A healthy $1.1
Corporate treasury and cash management solutions provider Kyriba is linking its business users to faster payments functionality through a new collaboration with Citi. 26), Kyriba said it is integrating with Citi via API to allow clients to access their Citi accounts directly from their treasury platform.
As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.
The ability to view account balances, initiate payments and apply cash within a unified platform can yield major benefits for corporate treasurers, boosting financial visibility through bridging the usually siloed operations of banking, accounting, accounts payable (AP), accounts receivable (AR) and more. Driving Personalized Experiences.
Oracle is integrating its ERP platform into Citi’s Treasury and Trade Solutions (TTS) with the aim of accelerating corporate transactions, the companies said in an announcement Tuesday (Oct. “I think it’s fair to say the financial services industry is in the middle of being absolutely disrupted,” he said.
The complexity of payment workflows within and between mid-market and large corporate entities can be so immense that many treasurers aren’t able to pinpoint exactly where the friction exists. But first, understanding that payment bottlenecks and inefficiencies exist is key to successfully battling the payments headaches.
While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research out of the U.K. HSBC Targets Treasurers With APIs. In an announcement , HSBC revealed the launch of its TreasuryAPIs for corporate clients across 27 markets.
The B2Bpayments market is already enjoying a solid year, thanks to some of the biggest names in payments and FinTech taking a solid stance in the space. PYMNTS takes a look back at some of the most popular B2Bpayments stories of the year so far. Mastercard Sent Steps Into B2B. Visa Buys Fraedom.
The financial services industry’s sudden support for application programming interfaces (APIs) has people talking about the power of data sharing. s Open Banking initiative encourage API development and adoption, with industry players acknowledging the technology’s ability to efficiently comply with data sharing rules.
Bank Advanced Receivables will help suppliers accelerate cash flow, lower costs via automation, and provide better payment experiences. This includes numerous manual and paper-based steps, a cumbersome credit process, billing errors, and payment delays,” U.S. “With U.S. .” ” U.S. billion in 2022.
Bank Advanced Receivables will help suppliers accelerate cash flow, lower costs via automation, and provide better payment experiences. This includes numerous manual and paper-based steps, a cumbersome credit process, billing errors, and payment delays,” U.S. “With U.S. .” ” U.S. billion in 2022.
Morgan’s Head of Wholesale Payments Solutions Lia Cao, corporate treasury solutions must be digital, flexible and holistic. Integrating bank solutions into treasurers’ existing back offices isn’t the only data connectivity challenge treasurers need their banks to address today. According to J.P. Build Vs. Buy Vs. Partner.
As banks look to pair with FinTechs to meet the treasury needs of their corporate customers, they’re also looking towards such innovators to integrate some of those same solutions in-house. One technology Beaulande cited as especially helpful to banks’ treasury departments is the API.
The Crypto-Lending-as-a-Service (CLaaS) solution enables other crypto companies — including exchanges, crypto wallets or mining services — to integrate Cred’s lending functionality into their own solutions. “Lending and earning crypto are hard businesses to get right, particularly in a bear market,” he said.
9) said Billtrust Founder and CEO Flint Lane is joining Bento for Business’ board as the company moves to expand its presence in commercial payments, business banking and treasurymanagement. Last year, the company announced a collaboration with i2c , a company providing payments and integrated commerce solutions.
Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasurymanagement offering. The bank recently announced a partnership with CheckAlt to adopt its lockbox technology, allowing corporates to automatically accept, process and reconcile check payments. Germany- and U.S.
The model quickly gained traction and today is accelerating its expansion into B2B financial services, too. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. This trend was recently highlighted by Laura McGortey, BNY Mellon’s director of strategic partnership solutions.
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