FIS explores the mid-market’s commercial card gap, Ocrolus on how paper challenges open banking, and Metro Bank struggles to find a bidder
| | | | BUSINESS-TO-BUSINESS EDITION | | Open Banking Overcomes The Data Obstacle Of Paper Even without a regulatory mandate, the U.S. is journeying toward open banking, raising the demand for data integration services to link bank accounts to FinTechs. But what about financial data still locked away on paper and digital documents like PDFs? Sam Bobley, co-founder and CEO of Ocrolus, tells PYMNTS why FinServ players need a multi-pronged approach to extract, digitize and ultimately share data if theyâre going to be prepared for open banking ubiquity. |
| Payment Rail Innovation Tops B2B's Year Of Disruption Commercial cards were undoubtedly a bright spot for the B2B payments arena in 2019, with industry leaders like Visa and Mastercard embracing the opportunity for cards to expand into accounts payable. But as the top B2B stories of 2019 reveal, payments innovators this year also explored how to move beyond existing rails, like cards and ACH, to tackle the biggest pain points of B2B payments, including speed, globalization and transparency. |
| | Commercial Cards | | Closing The Bank/Middle Market Commercial Card Gap With lower risk profiles and solid financials, middle-market businesses are a sweet spot for FIs, yet use spreadsheets and personal credit cards to manage corporate expenses. FIS General Manager, Business Line Executive of Credit Kris Carrera tells PYMNTS what she thinks it will take for banks to close the mid-market commercial card gap. |
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