Pursuit explores small business borrower protections, Barclays launches cashback small business loans, and Greece’s SMB challenge bank Praxia sold off
| | | | BUSINESS-TO-BUSINESS EDITION | | Why Corporate Banksâ Should Seize Purchase-To-Pay Data Opportunity Unlocking bank data is typically seen as an initiative more beneficial to FinTechs than to banks. Yet when financial institutions (FIs) branch beyond traditional finance and payments offerings, they can find new opportunities in data integrations. Michael Cichy, Palette Softwareâs general manager of the Americas, says purchase-to-pay, with its many back-office touch points, is an ideal place to start. |
| Commercial Card Innovation |
| Corporate Cards Tackle Industry-Specific Pain Points Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable to employee travel and expense management. Increasingly, the corporate card industry is also exploring ways to take advantage of the unique challenges of particular industries. This week's look at the latest in commercial card innovation explores some of those use-cases, including small business travel and event planning. |
| | Small Business Lending | | Widening Borrower Protectionâs Scope To SMBs As legislators take on predatory lending, small businesses are gradually entering the fold of borrower protection initiatives. As online lending grows, SMBs are challenged by the risks of sky-high loan costs and a lack of awareness of more affordable options, says Pursuit President and CEO Pat MacKrell. He spoke with PYMNTS about the role legislators and industry participants play in promoting transparency for small business borrowers. |
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