PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. “All these threats mean that businesses need to cast a wide ned and use a variety of tools to keep their businesses and their customers safe.”

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

PYMNTS

MARCH 13, 2017

One of the issues with this approach [to RDC] is that there is no way at the point of presentment to engage some of the sophisticated risk mitigation tools that are available across those different channels,” Ballagh said. All of these things are important to small businesses in particular,” Ballagh said.

RDC 77

RDC Checks API Remote Deposit Capture 77

PYMNTS

SEPTEMBER 20, 2016

TechCrunch noted that DueCourse’s acceptance of debt financing reflects the startup’s business model.The company itself provides invoice financing to SMEs on its platform; it doesn’t act as a third party to connect business borrowers to investors. DueCourse is built on its own risk mitigation technology.

Finance 74

Finance Risk Mitigation Small Business Mitigation 74

PYMNTS

MARCH 10, 2020

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge.

Underwriting 77

Underwriting Small Business Value Added Service Non-Bank 77

The Fintech Times

FEBRUARY 19, 2024

The complexity of securely onboarding businesses has reached a critical juncture for payment providers globally. Balancing the need to onboard swiftly while maintaining risk mitigation has become a key battleground.

Risk Mitigation 59

Risk Mitigation Small Business SWIFT Mitigation 59

PYMNTS

OCTOBER 17, 2016

Technology has the power to help a business rise up from the competition. From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Small businesses, too, have an appetite for technology. 78% of U.S.

Technology 76

Technology Remote Deposit Capture Small Business Automation 76

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Further, Holloway told PYMNTS, small- to medium-sized businesses (SMBs) are struggling to manage that restricted capacity on top of their own financial pressures and threats to revenue streams. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

MARCH 8, 2019

Through the partnership, Zurich Insurance Group will provide corporate customers with riskmethods’ supply chain risk identification and management technologies. The average value of late payments for each small to medium-size business (SMB) is estimated to be $21,000, the company said. coming from larger corporates.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

PYMNTS

SEPTEMBER 11, 2018

A company no longer has to be a massive, multinational conglomerate to be exposed to foreign exchange fluctuation risks. Small businesses are going global, too, establishing partnerships and business relations with customers and suppliers overseas, as well as physically traveling across borders.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Small Business 40

Fi911

FEBRUARY 29, 2024

Small businesses or individual entrepreneurs employing basic payment solutions may bypass the need for such detailed setup instructions. It facilitates operational excellence, risk mitigation, and regulatory compliance. When is a VAR Sheet Unnecessary?

VARS 96

VARS Payment APIs and Integration Regulatory Compliance Gateways 96

PYMNTS

JULY 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. Regulators have taken note.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

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 57

Risk Risk Mitigation Small Business Underwriting 57

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. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

PYMNTS

MARCH 10, 2017

Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules. We see them here in the U.S., The Mobile Device.

Small Business 59

Small Business Mitigation Risk Mitigation Finance 59

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 77

AI Finance Risk Mitigation Accounts 77

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. “[SMBs] that fail to adjust to rising expectations around cybersecurity risk being left behind when it comes to public procurement opportunities.”

Cybersecurity 61

Cybersecurity Governance Government Risk Mitigation 61

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.

B2B 69

B2B Commercial Card Small Business Risk Mitigation 69

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. The payroll function is rarely looked upon as an influence of these changes in the small business accounting sphere. ” Jones explained. In the U.K., ”

Payroll 61

Payroll Accounts Innovation Small Business 61

PYMNTS

MARCH 23, 2020

.” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends.

Underwriting 75

Underwriting Risk Mitigation Risk Assessment Mitigation 75

PYMNTS

JANUARY 27, 2020

“The proliferation of alternative lenders has made it more confusing for the small business owner, and often times it makes it easier to fall victim to a more expensive loan than they would have had to take,” he said. That’s the challenge in the ecosystem that affects other small businesses.”. An Ecosystem Approach.

Small Business 62

Small Business Point-of-Sale (POS) Finance Facilitators 62

The Fintech Times

JULY 29, 2024

They invest in advanced cybersecurity protocols to safeguard sensitive information and employ AI-driven algorithms for continuous monitoring and risk mitigation. “Successful platforms prioritise proactive compliance measures and user education.

FinTech 69

FinTech Due Diligence Cybersecurity Risk Mitigation 69

PYMNTS

FEBRUARY 19, 2020

In a boon for small business (SMB) banking, Redwood Bank has teamed up with Insignis Cash Solutions to offer savings accounts to Insignis’ SMBs through the Insignis Cash Platform, according to a press release. billion in valuation by 2024.

Risk Mitigation 52

Risk Mitigation Authentication Small Business Mitigation 52

PYMNTS

AUGUST 23, 2017

Business intelligence company CubeLogic has announced its support for Trade Credit Insurance as part of an overall risk mitigation strategy. ” The company noted while it supported the use of Trade Credit Insurance, the tool should not be used as a replacement for broad risk mitigation strategies.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Risk Management 40

PYMNTS

SEPTEMBER 12, 2018

Small businesses (SMBs) frequently cite cash flow crunches and the struggle to access capital as key hurdles to the success of their business. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

PYMNTS

MARCH 30, 2017

For SMEs, the risk associated with Brexit may be especially large, according to Money Mover. The cross-border payment company warned small businesses Wednesday to mitigate against the risk of Brexit by encouraging U.K. Britain’s small businesses are facing unprecedented levels of uncertainty in light of the U.K.’s

Cross-Border 43

Cross-Border Cross-Border Payments Mitigation Small Business 43

PYMNTS

NOVEMBER 19, 2020

Small businesses are the backbone of their economies, and small B2B suppliers play vital roles in their broader supply chains. Often, smaller vendors also pose less risk to their large corporate customers while also contributing to supply chain diversification. eProcurement and supplier management FinTech Paid.

Small Business 60

Small Business Mitigation Risk Mitigation Adjustments 60

PYMNTS

JULY 12, 2019

Euler Hermes has made a strategic investment in FinTech APiO , reports this week said, as well as a collaboration that will see the companies develop the ApiO.EarlyPay solution to connect small businesses with faster financing. Today’s market conditions can change in the blink of an eye,” he said.

Small Business 40

Small Business Risk Mitigation Mitigation Risk 40

PYMNTS

NOVEMBER 10, 2017

Alternative small business lender Ultimate Finance is adding a new product to its offering built on Big Data and risk mitigation technologies. Purchase Finance addresses this by enabling businesses to pay their suppliers directly, using a funding line from Ultimate Finance, who can pay the supplier directly.”.

Finance 40

Finance Risk Mitigation Mitigation B2B 40

PYMNTS

JUNE 15, 2018

Barclays is collaborating with one of the graduates of its accelerator program to develop enhanced risk mitigation tools. In an announcement sent to PYMNTS, Barclays reported a partnership with Simudyne , a graduate of the Barclays Accelerator, to test new risk mitigation solutions.

Risk 40

Risk Risk Mitigation Mitigation Small Business 40

PYMNTS

SEPTEMBER 7, 2018

Take Udaan , for example, an Indian B2B eCommerce startup that plans to use its latest venture capital raised to introduce business financing and warehousing solutions for its corporate customers. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups. million.

Finance 46

Finance Underwriting Risk Mitigation B2B 46

PYMNTS

OCTOBER 28, 2016

There’s even the risk that suppliers can’t ultimately deliver what they’ve charged for, even though they’ve already been paid. For trade finance players, like NOWaccount, innovations in risk mitigation technology can help. “Small businesses are holding over $1.2

B2B 71

B2B Credit Cards Payments Same Day ACH 71

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. As SMBs become larger targets for cybercriminals, Mastercard is launching a new initiative in an effort to support small businesses’ defenses against these attacks.

Cybersecurity 56

Cybersecurity Visa Data Breach Small Business 56

PYMNTS

FEBRUARY 18, 2020

As risk mitigation, the budget of another Multitude show, called “Join the Party,” will be used as collateral if the company can’t pay Patreon back. The collective is expected to pay it back in a slightly greater amount.

Risk Mitigation 52

Risk Mitigation Returns Mitigation Small Business 52

PYMNTS

JULY 22, 2019

Its current platform aggregates regulatory trade and logistics trade data to promote enhanced market research and risk mitigation services for its users, the company explained. The takeover also presents new opportunities for Descartes to aggregate a broader range of supply chain data starting earlier in the B2B transaction cycle.

Risk Mitigation 46

Risk Mitigation B2B Agreements Mitigation 46

PYMNTS

MARCH 23, 2017

CurrencyVue is helping Australian SMEs enter into the world of FX risk mitigation. Reports Wednesday (March 22) said the firm has created an FX platform designed for smaller businesses. Systems to manage FX dealings for big businesses can cost more than $50,000 a year, which may not be affordable for many SMEs. “For

Risk Mitigation 40

Risk Mitigation Small Business Risk Mitigation 40

PYMNTS

SEPTEMBER 7, 2018

The bank aims to focus on small business (SMB) and consumer lending, as well as digital financial services for its customers. In its survey, 80 percent of businesses said they would be willing to switch providers if it meant access to faster and instant payment capabilities.

Risk Mitigation 49

Risk Mitigation Real Time Payments Liquidity Management Instant Payments 49