OnDeck releases Q1 stats, Virgin Money targeted for merger, and Eximchain talks supplier risk management.
| | | | BUSINESS TO BUSINESS EDITION | | Corporate Fraud On Levels Grand And Small, While Internet Crime Costs $1.4B Phishing, whaling and the tried-and-true methods of stealing money from companies via internal pilfering â all made headlines this week. The FBI gave us a high-level view of how pervasive the threats are, while local stories showed the impact fraud can have on smaller players, where bit by bit, thousand by thousands ⦠whatâs missing from the till can become an existential threat. |
| Doubters Dampen The Blockchain Hype Warren Buffett and Bill Harris both doubled down on their bitcoin criticism this week, but what about blockchain? Proponents say the technology will outlast the cryptocurrency hype, but this week, analysts began to get tough on distributed ledger tech, too. One think tank told Parliament the technology is no more than 'pixie dust,' while researchers at Gartner found the vast majority of CIOs simply aren't interested in using blockchain. |
| | Procure to Pay | | From Fake IDs To Operating Overcapacity: How One Supplier Can Threaten Entire Supply Chains Supplier vetting is rarely as easy as a quick Google search. Hope Liu, co-founder and CEO of supply chain management company Eximchain, said she has seen suppliers using fake identities, outsourcing orders and operating beyond capacity. These practices by a few bad actors have ramifications throughout entire supply chains, she told PYMNTS, not only affecting reputations, but the ability for other vendors upstream to access financing. |
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