Rabbet explores a faster construction payments plan, HSBC launches PSD2-compliant APIs and Starling Bank talks business lending strategy
| | | | BUSINESS TO BUSINESS EDITION | | Study Finds Half Of UK Firms Vulnerable To Invoice Fraud Invoice fraud is on the rise in the U.K., with half of all businesses exposed, according to a Santander study. Separately, a U.S. college campus takes note of phishing scams, and Cisco may have been bilked out of more than $9 million amid wire and supply chain fraud. |
| Bank-FinTech Collaboration Drives B2B FinTech Funding With bank-FinTech collaborations on the rise, traditional FIs now see the value of investing in their FinTech partners, too. This week, HSBC U.K. and Nationwide invested in B2B FinTech startups, with other VC-backed firms planning to use the funds to strike future partnerships with banks. |
| | Faster Payments | | Why Construction Paymentsâ Friction Has Nothing To Do With Payments The construction industry suffers from the longest B2B payment delays of any other market, thanks to the complexity of how money moves between financiers, developers, contractors and their subs. Goldman Sachs-backed Rabbet CEO Will Mitchell tells Karen Webster that moving money faster starts with moving the data faster between those stakeholders. Hereâs why. |
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