SMB financing gets MCA boost, Citi digitizes documents for corporate cross-border payments, WEX talks the value of collaboration to future-proof B2B payments
| | BUSINESS-TO-BUSINESS EDITION | The Merchant Cash Advance Seeks Opportunity In Disruption Small businesses are in dire need of capital, and Paycheck Protection Program funds aren't always enough. FAVO Capital Founder and CEO Vincent Napolitano tells PYMNTS why a pivot into the alternative small business finance market is helping the merchant cash advance find opportunity within market disruption. |
Bank-FinTech Collaboration |
UK Presses Further Ahead With Open Banking Ambitions More countries around the world are following in the U.K.'s open banking footsteps, but now, the U.K. is ready to forge even further ahead with initiatives designed to spur financial service competition. This week's open banking roundup looks at those efforts, plus examines the latest tie-ups between banks and FinTechs that drive business banking modernization forward. |
| PYMNTSTV: B2B Payments | Collaborations Help B2B Payments Avoid Future Shock Partnerships can go a long way toward future-proofing an organization and making B2B payments agile. Kara Szostek, director of product management at WEX, tells PYMNTS that collaborative efforts between financial institutions and FinTechs can help enterprises insulate against changing preferences among buyers and suppliers. | | |
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