PYMNTS

JULY 28, 2020

Alternative small business lending platform Kabbage recently augmented its offering for small- to medium-sized businesses (SMBs) with the debut of its checking account connected to a range of digital banking services. ” HashCash Enhances Risk Mitigation. Kabbage Steps Into Banking.

FinTech 111

FinTech Risk Mitigation Mitigation eWallet 111

PYMNTS

MARCH 13, 2017

The paper check has a nasty reputation in B2B payments as a cumbersome, manual and risky payment rail. For Jim Ballagh, VP of business development at corporate payments firm Ensenta , that’s not too surprising. It’s a major issue in B2B payments today. This is where API technology comes in.

RDC 77

RDC Checks API Remote Deposit Capture 77

PYMNTS

SEPTEMBER 11, 2018

A company no longer has to be a massive, multinational conglomerate to be exposed to foreign exchange fluctuation risks. Small businesses are going global, too, establishing partnerships and business relations with customers and suppliers overseas, as well as physically traveling across borders.

Cross-Border Payments 40

Cross-Border Payments Risk Mitigation Cross-Border Mitigation 40

PYMNTS

SEPTEMBER 7, 2018

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups. million.

Finance 46

Finance Underwriting Risk Mitigation B2B 46

PYMNTS

AUGUST 17, 2018

B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. However, this summer, a different kind of B2B startup has captured investors’ attention. AuditBoard’s technology helps organizations and their auditors manage risk mitigation and compliance efforts. Capital On Tap. Based in the U.K.,

B2B 40

B2B Audit Risk Mitigation Blockchain 40

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. “All these threats mean that businesses need to cast a wide ned and use a variety of tools to keep their businesses and their customers safe.”

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

PYMNTS

NOVEMBER 10, 2017

Alternative small business lender Ultimate Finance is adding a new product to its offering built on Big Data and risk mitigation technologies. Purchase Finance addresses this by enabling businesses to pay their suppliers directly, using a funding line from Ultimate Finance, who can pay the supplier directly.”.

Finance 40

Finance Risk Mitigation Mitigation B2B 40

PYMNTS

JUNE 24, 2016

The roundup of this week’s venture capital investments in B2B startups offers some insight into the geographical differences in how this space is developing. India landed on this week’s B2B venture capital board again on Tuesday, thanks to Schedulers Logistics. Supply Chain Management. Schedulers Logistics. LEAP India.

B2B 40

B2B Cybersecurity Risk Mitigation Finance 40

PYMNTS

AUGUST 23, 2017

Business intelligence company CubeLogic has announced its support for Trade Credit Insurance as part of an overall risk mitigation strategy. ” The company noted while it supported the use of Trade Credit Insurance, the tool should not be used as a replacement for broad risk mitigation strategies.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Risk Management 40

PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

PYMNTS

MARCH 8, 2019

Through the partnership, Zurich Insurance Group will provide corporate customers with riskmethods’ supply chain risk identification and management technologies. The average value of late payments for each small to medium-size business (SMB) is estimated to be $21,000, the company said. coming from larger corporates.

Risk 51

Risk Risk Mitigation Mitigation Risk Management 51

PYMNTS

MARCH 10, 2020

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge.

Underwriting 77

Underwriting Small Business Value Added Service Non-Bank 77

PYMNTS

NOVEMBER 19, 2020

Small businesses are the backbone of their economies, and small B2B suppliers play vital roles in their broader supply chains. Often, smaller vendors also pose less risk to their large corporate customers while also contributing to supply chain diversification. eProcurement and supplier management FinTech Paid.

Small Business 60

Small Business Risk Mitigation Mitigation Adjustments 60

PYMNTS

JULY 24, 2020

So it’s not exactly surprising that supply chain risk mitigation efforts can fall by the wayside. Further, Holloway told PYMNTS, small- to medium-sized businesses (SMBs) are struggling to manage that restricted capacity on top of their own financial pressures and threats to revenue streams. ”

Risk 70

Risk Due Diligence Risk Mitigation Mitigation 70

PYMNTS

FEBRUARY 9, 2019

Small businesses are often called the lifeblood of the economy. As it were, cash flow is the lifeblood of the small business – and many firms are struggling. Having the right partners and tools in place to create proactive risk mitigation strategies makes that possible.” 52 percent of U.S.

Small Business 49

Small Business Risk Mitigation Risk Mitigation 49

PYMNTS

FEBRUARY 9, 2019

Small businesses (SMBs) are often called the lifeblood of the economy. As it were, cash flow is the lifeblood of the small business — and many firms are struggling. Having the right partners and tools in place to create proactive risk mitigation strategies makes that possible.”

Risk Mitigation 63

Risk Mitigation Small Business Risk Mitigation 63

PYMNTS

JULY 12, 2019

Euler Hermes has made a strategic investment in FinTech APiO , reports this week said, as well as a collaboration that will see the companies develop the ApiO.EarlyPay solution to connect small businesses with faster financing. Today’s market conditions can change in the blink of an eye,” he said.

Small Business 40

Small Business Risk Mitigation Mitigation Risk 40

PYMNTS

SEPTEMBER 12, 2018

Small businesses (SMBs) frequently cite cash flow crunches and the struggle to access capital as key hurdles to the success of their business. As the industry grows, access to small business financial data is a critical component of risk mitigation and underwriting practices.

Finance 40

Finance Risk Mitigation Small Business Mitigation 40

PYMNTS

FEBRUARY 19, 2020

In a boon for small business (SMB) banking, Redwood Bank has teamed up with Insignis Cash Solutions to offer savings accounts to Insignis’ SMBs through the Insignis Cash Platform, according to a press release. billion in valuation by 2024.

Risk Mitigation 52

Risk Mitigation Authentication Small Business Mitigation 52

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). This reduces risk, as a regulated bank is handling money. The supplier would be at risk [of non-payment].”.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

JANUARY 30, 2019

The PayNet tool uses the firm’s proprietary database to predict borrower risk, and will deploy Numerated’s custom rules-based and borrower segment-based credit decision-making capabilities to match lenders’ risk mitigation needs.

Risk 57

Risk Risk Mitigation Small Business Underwriting 57

PYMNTS

OCTOBER 17, 2016

From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Small businesses, too, have an appetite for technology. SMEs are unprepared for a cyberattack , according to the Nationwide’s Small Business Indicator.

Technology 76

Technology Remote Deposit Capture Small Business Automation 76

PYMNTS

DECEMBER 7, 2018

Retailers love taking on new products, but they have to have a way of managing risk that something might happen.”. Insurance requirements are symptomatic of the importance of risk mitigation and trust in the buyer-supplier relationship for the CPG market.

Product 54

Product B2B Small Business Risk Mitigation 54

PYMNTS

JULY 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. Regulators have taken note.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65

PYMNTS

JUNE 15, 2018

Barclays is collaborating with one of the graduates of its accelerator program to develop enhanced risk mitigation tools. In an announcement sent to PYMNTS, Barclays reported a partnership with Simudyne , a graduate of the Barclays Accelerator, to test new risk mitigation solutions.

Risk 40

Risk Risk Mitigation Mitigation Small Business 40

PYMNTS

SEPTEMBER 20, 2016

TechCrunch noted that DueCourse’s acceptance of debt financing reflects the startup’s business model.The company itself provides invoice financing to SMEs on its platform; it doesn’t act as a third party to connect business borrowers to investors. DueCourse is built on its own risk mitigation technology.

Finance 74

Finance Risk Mitigation Small Business Mitigation 74

PYMNTS

NOVEMBER 10, 2017

B2B FinTech enjoyed more time in the spotlight with investors this week as companies around the globe — ranging from eProcurement to small- and medium-sized business (SMB) accounting to supply chain management startups — secured fresh funding to support growth. B2B payments. Alternative Lending.

Finance 40

Finance B2B Online and Mobile Banking Small Business 40

PYMNTS

JANUARY 27, 2020

“The proliferation of alternative lenders has made it more confusing for the small business owner, and often times it makes it easier to fall victim to a more expensive loan than they would have had to take,” he said. That’s the challenge in the ecosystem that affects other small businesses.”. An Ecosystem Approach.

Small Business 62

Small Business Point-of-Sale (POS) Finance Mitigation 62

PYMNTS

MAY 7, 2020

In times of volatility, corporates and their business partners must collaborate to find common ground and ensure that cash continues to flow favorably for both sides of a B2B transaction. For these businesses’ FinTech and financial services partners, there’s opportunity, too, to facilitate this cash flow.

Payer 60

Payer Digital Currency B2B Accounts 60

PYMNTS

MARCH 30, 2017

For SMEs, the risk associated with Brexit may be especially large, according to Money Mover. The cross-border payment company warned small businesses Wednesday to mitigate against the risk of Brexit by encouraging U.K. Britain’s small businesses are facing unprecedented levels of uncertainty in light of the U.K.’s

Cross-Border 43

Cross-Border Cross-Border Payments Mitigation Risk Mitigation 43

PYMNTS

JANUARY 24, 2019

Government procurement can bolster the strength of local small businesses (SMBs), and provide an example for technology adoption in areas such as eInvoicing and electronic payments. “[SMBs] that fail to adjust to rising expectations around cybersecurity risk being left behind when it comes to public procurement opportunities.”

Cybersecurity 61

Cybersecurity Governance Government Risk Mitigation 61

PYMNTS

APRIL 19, 2019

The shifting role of small business (SMB) accountants is largely driven by the increase in automated solutions available to business owners today. The payroll function is rarely looked upon as an influence of these changes in the small business accounting sphere. ” Jones explained. In the U.K., ”

Payroll 61

Payroll Accounts Innovation Small Business 61

PYMNTS

MARCH 16, 2018

But APIs can offer a different strategic advantage, especially to B2B FinTechs, according to A.J. Remlinger, Project Manager — Solutions for Business at foreign exchange technology firm OANDA. It’s a sentiment echoed throughout the B2B FinTech market. Certainly regulations like PSD2 and the U.K.’s In the U.K., In the U.K.,

Treasury 53

Treasury Payment APIs and Integration API Treasury Management 53

PYMNTS

MARCH 23, 2020

.” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends.

Underwriting 75

Underwriting Risk Assessment Risk Mitigation Mitigation 75

PYMNTS

MAY 11, 2017

For example, some businesses are turning to APIs to offer eCommerce solutions to help them tap into the online market which, by some accounts , is expected to be worth $1.3 trillion by 2020 in terms of B2B transactions. Bank’s “Think Big, Hack Small” hackathon. At this event, U.S. In 2015, U.S. As a result, U.S.

API 57

API Payment APIs and Integration Online and Mobile Banking Small Business 57

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. They never ask what your business is worth.”

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40