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.
| | | | 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. |
| 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. |
| | 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 ECCMAâs executive director, Peter R. Benson â 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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