The Fed eyes updated community bank regulations, treasurers embrace same day payments, and Itemize talks paper and digital expense data
| | | | BUSINESS TO BUSINESS EDITION | | B2B Payments Fraud Tracker |
| Easy Pickings For BEC Criminals? When it comes to BEC fraud, the fruit is low-hanging, according to data from Dark Shadows â tens of thousands of finance department emails were exposed in breaches. Elsewhere, Down Under, a guilty plea emerges in a massive payroll scam. |
| B2B Insurtech Takes The Venture Capital Lead Insurtech has a lot of room to innovate, from payout friction to risk analysis. The startup community has delivered a strong response to market gaps, and investors this week showed their interest in the B2B insurtech market with three deals, including two rounds marking Eos Venture Partners' first foray into the industry. Rounding out the week's funding rounds are two small business financing firms, including a $78 million investment for a U.K. challenger bank. |
| | T&E | | Itemize Eyes Working With (Not Against) Paper In Corporate T&E In payments, there are solutions that can address the symptoms of a friction-filled process, and there are cures that can replace that process outright with something better. In addressing the friction of expense management in a paper-filled back office, James Thomas, CEO of Itemize, says both strategies are key. Digitizing data from physical documents can be the first step to getting rid of paper altogether, he tells PYMNTS, and AI can help. |
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