SEC examining supply chain finance programs, NCR talks smaller FIs’ real-time payments strategy, and lawmakers frustrated at unused COVID aid for businesses
| | BUSINESS-TO-BUSINESS EDITION | Why AP Teams Face An Extra Challenge To Data Automation Migrating away from paper has been a challenge for many organizations across multiple business functions. But there's a unique challenge in accounts payable departments that makes the digitization shift even more difficult. Don Dow, director of software development at Metafile Information Systems, tells PYMNTS why overcoming this barrier is more imperative than ever to capture early payment discounts and connect suppliers to cash more quickly. |
VCs Fuel B2B FinTechs That Find The Opportunity In Pandemic Disruption B2B FinTechs this week scored more than $137.5 million for their technologies, which ranged from cybersecurity solutions to supply chain analytics. Several investments highlighted the opportunity for FinTech startups and their investors to help businesses through the pandemic, with outfits focused on digitizing B2B commerce and company payments raising some of the highest funding rounds of the week. |
| Real-Time Payments | Smaller FIs Ready Customers (And Themselves) For Real-Time Payments While financial institutions' (FI) interest in real-time payments services is on the rise, smaller banks have work to do to organize their workflows for the real-time use cases that consumers increasingly demand. Doug Brown, NCR Digital Bankingâs senior vice president and general manager, tells Karen Webster what smaller FIs need to do to remain competitive in an increasingly real-time world. | | |
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