Previse disrupts SMB trade finance, PrePay Solutions talks freelancer financial data, and Visa acquires Fraedom.
| | | | BUSINESS TO BUSINESS EDITION | | Previse CEO: A New Model For Instant SMB Payments SMBs need trade finance for only one reason: They donât get paid the instant they send an invoice. Previse CEO, Paul Christensen, told Karen Webster how the credit card model was the inspiration for an enterprise payables platform that turns invoices into the digital equivalent of cash-on-demand payments for SMB suppliers. Hereâs how it works. |
| Why Supply Chain Execs Struggle To Analyze Costs Analyzing the costs of doing business is critical for any organization, and supply chain professionals are instrumental in this process. They rely heavily on financial data, sure, but new research from the Association for Supply Chain Management warns there's more than dollars and cents to this process. Not to mention, a survey finds, the flow of data between accounting and the supply chain department is less than optimal. |
| | SMB Banking | | Tapping Into The Goldmine Of Freelancers' Financial Data Open Banking in the U.K. has forced banks to open up financial data to third parties, but many non-traditional financial services players have been using API for years already. The reason, says Ray Brash, CEO of PrePay Solutions, is that FinTechs view transactional data as âgold dust.â So now that Open Banking has forced traditional FIs into the data-sharing game, will they be able to compete? Brash told PYMNTS that banks still donât recognize that gold mine, and that itâs allowing newcomers to finally address gaps in small business and freelancer banking services. |
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