Small banks see share bump post-Dodd-Frank, Westpac ends deal with Prospa, and Raken talks construction tech adoption.
| | | | BUSINESS TO BUSINESS EDITION | | TRENDING: B2B Payments APIsâ Retail Banking Inspiration Legacy banks have a problem. FIs are embracing APIs to offer customers new features â but aren't necessarily meeting customer expectations. Fredrik Hedberg, CTO and co-founder of Tink, says FIs can offer better products by drawing smarter insights from their customersâ data. In the latest B2B API Tracker, Hedberg tells PYMNTS how banks can pair lessons from their consumer-facing business with data to build better banking APIs. |
| The Limitations Of Tech On Procurement's Cost-Cutting Efforts Globalization has proven a beneficial trend for corporate buyers in the procurement department, now able to source from low-cost suppliers regardless of location. Innovations in procure-to-pay technology made for quick cost-cutting efficiencies, too. The latest research shows chief procurement officers continue to invest in tech like AI, but like globalization retreating in favor of protectionism, trade disputes and labor shortages, tech is no longer the panacea to stronger bottom lines, analysts say. |
| | Industry Dive | | In Construction, Tech Provides The Blueprint To Profits The construction industry is a massive, multitrillion dollar market, and the tech floodgates have opened. Despite its potential, construction is held back by pen and paper, says Sergey Sundukovskiy, co-founder of Raken. Fresh off a funding round, he tells PYMNTS why technology disruption is fundamental to a range of industry processes, from risk mitigation to payroll. |
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