Facebook India collabs with VCs for SMBs, Payables Friction Playbook surveys AP demands and iwoca integrates into partner SMB loan platforms
| | | | BUSINESS-TO-BUSINESS EDITION | | Ripple Talks MoneyGram X-Border Payments Deal The correspondent banking system, which underpins cross-border B2B commerce, is anything but efficient â and is especially expensive for smaller enterprises. However, up until now, itâs been the only game in town. A new partnership between Ripple and MoneyGram, tied to blockchain and cryptocurrencies, seeks to change all that, as Kahina Van Dyke, SVP of business and corporate development at Ripple, tells PYMNTS. Hereâs why. |
| Citi On The Art And Science Of Detecting B2B Outlier Payments Last week, Citi unveiled its Payment Outlier Detection system, designed to help corporates find anomalies in payment flows. Manish Kohli, global head of payments and receivables at Citi, tells Karen Webster how machine learning and AI can help corporate treasurers spot the payment equivalents of needles in haystacks â and accept or reject them with speed and security. |
| | Payables Friction Playbook™ | | Six Payment Methods AP Departments Like More Than Paper Checks With 80 percent of U.S. firms paying suppliers via paper check, the majority of accounts payable (AP) departments still rely on legacy systems. While most AP professionals say they would prefer using ePayables or digital wallets, only 10 percent actually do. So, what's holding back the adoption of innovative AP solutions? In the first installment of the Payables Friction Playbook, PYMNTS surveys 2,750 firms and their AP execs to find out. |
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