Mastercard upgrades Track B2B payment service, Thinking Capital on the importance of flexible SMB lending tech, and U.K. FinTech Recognise lands banking license
| | | | BUSINESS-TO-BUSINESS EDITION | | Overcoming FinTech Skepticism To Meet Asian SMBs' FX Needs Asia may be a global trade powerhouse, but for small- and medium-sized businesses, foreign exchange and global payment pain points make cross-border deals a headache. FinTech solutions can help, but SMBs in the region remain skeptical of new players, according to Statrys founder Bertrand Theaud. He spoke with PYMNTS about the convergence of market conditions driving up demand for cross-border payments, FX and banking solutions that can help small firms overcome their FinTech skepticism. |
| SEC Issues Corporate Fraud Warning As BEC Scams Climb The risk of fraud continues to climb for organizations of all sizes as the latest data reveals third-quarter spikes in business email compromise and ransomware scams. This week's B2B Data Digest takes a look at the numbers behind those spikes, finding small businesses to be particularly at risk. Plus, the latest allegations of fraud hit the PPE supply chain, and the U.S. Securities and Exchange Commission issues a dire fraud warning. |
| | Alternative Lending | | How Alternative Lending Technology Stays Flexible For SMBs Though bank-FinTech collaboration is a popular model today, some alternative lenders still look to compete directly with traditional financial institutions. In preparation for economic recovery, small businesses not only need capital, says Thinking Capital CEO Stéphane Marceau. He tells PYMNTS how a digital-native approach and flexibility are key to adding value for SMBs beyond the loan â and key to staying competitive in an increasingly crowded market. |
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