Starling Bank to raise new funding and eyes IPO, TravelBank on virtual cards’ influence on corporate travel, and Lloyds taps Demica for supply chain finance platform
| | | | BUSINESS-TO-BUSINESS EDITION | | Business Payments FinTechs Embrace A Time To Innovate It's earnings season, and commercial payments technology firms are posting better-than-expected results despite a slump in business spend. Among them are Bill.com and Bottomline Technologies, whose executives pointed to innovations in bank collaborations, mobile and faster payments as key drivers of success in a volatile market â and a reflection of corporates' heightened needs to optimize their own payment workflows. |
| B2B Payment Terms Take A Hit From COVID-19 Delayed payments continue to plague suppliers, particularly smaller players, and unfortunately, the global pandemic has only worsened this pain point. This week's B2B Data Digest looks at the latest stats in the fight against late payments, and finds several instances in which the COVID-19 crisis has exacerbated the problem. |
| | T&E | | Virtual Commercial Cards May Guide A New Future For Business Travel Business trips are cancelled and corporate spend is down. This may present a bleak outlook for some, but for TravelBank's Co-founder and CEO Duke Chung, this offers a time to innovate. He spoke with PYMNTS about how the pandemic is altering the trajectory of the commercial card into not only a source of spend data, but a virtual tool to verify identities once business travel begins to recover. |
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