The U.S. Senate passes a bill to boost SBA lending, Bank of England readies payments standardization push, and ECCMA explores the importance of Know Your Vendor.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

June 72018

       BUSINESS TO BUSINESS EDITION

Bank-FinTech Collaboration

For FinTech And FIs, APIs Everywhere (It Seems)

Teamwork is the name of the game when it comes to open banking. Traditional FIs are joining with FinTech outfits to bring faster payments to the masses. Amid the marquee names in banking combining efforts with tech-savvy upstarts: Deutsche Bank and Fifth Third.

 

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Artificial Intelligence

AI Finds Harmony With Accounting, Procurement Professionals

The displacement of human capital remains a top concern for executives as corporates consider adoption of artificial intelligence. Analysts suggest AI could replace millions of jobs, with experts anticipating businesses' financial functions to be hardest hit. But the newest research from accounting firm Xero and spend management company Ivalua suggests AI is finding harmony with accountants, procurement and supply chain professionals. There are other hurdles these executives have to worry about, though.

 

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Data & Business Intelligence

Multinational's Next Data Challenge: Know Your Vendor

It's not unusual for multinational organizations working with tens of thousands of suppliers to have no idea exactly how many vendors are in their systems. Organizing supplier data is about more than getting information in order, says ECCMA’s executive director, Peter R. Benson — it's a matter of cost savings and compliance. In an era of increasing Know Your Customer requirements, Know Your Vendor may be just as important.

 

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What's Hot


Bill To Increase SBA SMB Lending Authority Passes In Senate


Bank Of England Pulls Payment Schemes Onto Same Page With ISO 20022


Ripple, SWIFT Vie For Top Cross-Border Payments Spot


Arro Money Debuts Account For Sole Traders


CSI Digitizes Corporates’ Utility Payments With New Partnership


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