The Finance Weekly

MAY 16, 2022

If you’re like most finance practitioners, you understand the critical importance of your approach to cash flow management. For instance, if cash is not banked from the transaction and / or requires an excessive amount of funding, then it is likely that the finance function had a serious blind spot in their work.

Payment APIs and Integration 130

Payment APIs and Integration Duplicate Database Rules 130

Fintech Finance

JANUARY 29, 2025

Integrated payment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention. The post Eastnets Launches Managed SWIFT Service on AWS Cloud appeared first on FF News | Fintech Finance.

SWIFT 59

SWIFT ISO 20022 Payment APIs and Integration Disaster Recovery 59

Fintech News

FEBRUARY 2, 2025

After migrating its credit portfolio to Way4 in 2023, an Asian consumer finance brand JIVF reported, The new JIVF payment system, built on the highly configurable Way4 platform with its integrated online back- and front-office operations, ensures a digital-first customer experience.

Card Issuer 104

Card Issuer Issuers Multi-Currency Online and Mobile Banking 104

Finovate

MARCH 31, 2025

Also this month, TreviPay announced a new collaboration with HSBC to streamline B2B payments for businesses via flexible payment options and financing solutions at the point of sale. Along with launching new features, the company reported that it is the latest issuer on UATP’s network for corporate business travel payments.

B2B 59

B2B Reconciliation Online and Mobile Banking Small Business 59

The Finance Weekly

NOVEMBER 13, 2024

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Now, let's look at common challenges finance teams face with AR and ways to enhance payment collection while minimizing the risk of unpaid invoices. from 2022 with $47,758.

Accounts 130

Accounts Duplicate CRM Automation 130

Nanonets

DECEMBER 26, 2024

Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. Improved compliance and reduced risks of duplicate or late payments. Automating invoice approvals to streamline workflows.

Automation 52

Automation Accounts Duplicate Finance 52

The Fintech Times

MAY 7, 2024

It’s been a busy week for the Bank of Ireland , which recently disclosed its criteria for classifying sustainable finance, as part of an effort to track and report on its progress and identify potential new sustainability-focused products.

Finance 59

Finance Duplicate CRM ATM 59

PYMNTS

AUGUST 13, 2020

Now, the expansion will let users access the benefits of Ramp’s ability to do away with duplicate and other needless expenses, which can help to cut down on expenses overall, the company says. That tightens the loop between spend and expense management, the release says, and can save customers around five days each month.

Duplicate 85

Duplicate Commercial Card Finance Product 85

The Finance Weekly

FEBRUARY 11, 2024

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Now, let's look at common challenges finance teams face with AR and ways to enhance payment collection while minimizing the risk of unpaid invoices. Is there a software available to enhance AR management?

Accounts 130

Accounts Duplicate CRM Automation 130

The Finance Weekly

OCTOBER 4, 2021

Identify duplicate or fraudulent invoices. Adopting an automated spend management solution can help you cut unnecessary spending and utilize your resources optimally. Here are some examples: Track every payment. No payments without approvals. Ensure internal budget controls are met. Track services that provide no value. Create custom reports.

Duplicate 130

Duplicate Automation Product Continuity 130

The Finance Weekly

AUGUST 18, 2024

Now, as a cloud-based FP&A platform for strategic financial management, Runway is making finance easier to understand and more accessible for everyone in an organization. Key Features Chen believes that AI will transform the roles of FP&A professionals, automating routine tasks and elevating the importance of finance.

Duplicate 130

Duplicate AI CRM Addressing 130

The Fintech Times

DECEMBER 19, 2024

Fraud is having a huge impact on finances, with fraudulent schemes resulting in global losses of $485billion. Remote work has weakened traditional security, requiring secure systems and innovative solutions like decentralised finance and blockchain for transparent vendor transactions.

Automation 59

Automation AI Fraud Prevention Deepfake 59

PYMNTS

AUGUST 14, 2020

Layoffs could be a significant issue impacting AP departments: A survey of 17,000 professional social networking app users conducted between March 13 and March 16 found that 44 percent of finance sector respondents expected layoffs at their companies. AI-powered tools can help detect such issues and send alerts when they occur, however.

Process 106

Process Duplicate Automation AI 106

Nanonets

JULY 24, 2023

Finance reconciliation plays a pivotal role in ensuring the reliability and accuracy of a business's financial records. What is finance reconciliation? Gartner defines finance reconciliation as “the process of comparing two sets of financial records to ensure they are in agreement.”

Reconciliation 52

Reconciliation Finance Duplicate Accounts 52

PYMNTS

FEBRUARY 11, 2020

And the banks that finance these transactions must trust that what business partners say will happen, has actually happened. Lee Tarone, CEO and founder of trade finance and payments platform Envoy , says a lack of trust continues to hamper the industry’s ability to address the ongoing $1.5

Finance 53

Finance Technology Cross-Border Distributed Ledger Technology (DLT) 53

The Paypers

SEPTEMBER 12, 2022

Standard Chartered has completed a pilot testing of the Trade Financing Validation Service provided by MonetaGo over SWIFT , to mitigate the risks of duplicate trade finance fraud on a global scale.

Finance 36

Finance Duplicate SWIFT Mitigation 36

The Paypers

OCTOBER 27, 2022

Financial messaging system SWIFT has made steps in fighting fraud and duplicate financing with the launch of Trade Financing Validation Service provided by MonetaGo.

SWIFT 36

SWIFT Finance Duplicate Service Provider 36

The Paypers

OCTOBER 3, 2023

to provide financial institutions the ability to detect and prevent duplicate financing fraud. Fintech MonetaGo has planned to integrate with Tesselate ’s hive.t

Fraud Detection 36

Fraud Detection Finance Duplicate FinTech 36

Fintech Finance

APRIL 10, 2025

Handling up to five cards, stored cards will block duplicates and even notify users if a card is expired while disallowing it to be used for payments. ” The post SWBCS SWIVEL Offers Enhanced Payment Experience with New Stored Cards Feature appeared first on FF News | Fintech Finance.

Blocks 59

Blocks Regulatory Compliance Duplicate Payments 59

The Paypers

JUNE 20, 2022

The Association of Banks in Singapore (ABS) has selected MonetaGo to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud.

Duplicate 31

Duplicate Finance Interoperability 31

Nanonets

DECEMBER 25, 2023

Duplication of Entries : If the integration isn't set up correctly, you might end up with duplicate entries. This integration is not just about connecting two platforms; it’s about harnessing the power of AI to transform how you handle your finances. It’s like having a tireless guardian for your finances.

Finance 52

Finance Payment APIs and Integration Best Practices Automation 52

PYMNTS

APRIL 4, 2018

MonetaGo is rolling out India’s first blockchain network, a solution aimed at addressing the risk of fraud in the trade finance market. According to MonetaGo Chief Executive Jesse Chenard, between 1 and 2 percent of invoice financing around the globe is subject to fraud.

Blockchain 47

Blockchain Duplicate Finance Blocks 47

PYMNTS

OCTOBER 31, 2016

This occurs when there is duplication of invoices and when extra effort is expended at the back end of a given enterprise. In addition, the firm launched (earlier this year) a supply chain financing tool geared toward the B2B market, which can be used across recurring or one-time payment options.

Automation 69

Automation Duplicate Credit Cards B2B 69

The Payments Association

MARCH 25, 2025

Without clear answers, duplicated work can lead to mistakes, disputes, and unnecessary delays. Compliance, security, fraud and risks, product, finance, and operations teams all need access to certain information from schemes but updates often get lost in complex distribution processes or fail to reach the right teams on time.

Compliance 88

Compliance Payment Networks Issuers Best Practices 88

Fintech Finance

MAY 21, 2024

The partnership will combine accounts payable (AP) expertise to accelerate automation and finance transformation. The Deloitte and Basware alliance will focus on key challenges, opportunities, and regulatory requirements in the finance domain.

Automation 52

Automation Duplicate Best Practices Finance 52

PYMNTS

NOVEMBER 1, 2020

In addition, the automated insights can offer proactive insights on out-of-policy or duplicate expenses. That can help with fraud or over-spending, the release stated.

Duplicate 67

Duplicate Reconciliation Audit Automation 67

Fintech Review

FEBRUARY 27, 2024

Cost-to-Duplicate The cost-to-duplicate approach evaluates what it would cost to build another startup with the same product or service from scratch. This method focuses on tangible assets and the direct costs associated with developing the fintech startup’s technology and offerings.

FinTech 105

FinTech Duplicate Assessments Innovation 105

The Paypers

APRIL 23, 2021

UAE has rolled out a blockchain-based trade finance platform with the intent of stamping out fraud and financial crime risks such as duplicate- or under- invoicing, according to Gulf News.

Blockchain 28

Blockchain Duplicate Financial Crimes Finance 28

Fintech Finance

APRIL 22, 2024

Basware , a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud. This recovered the value of $191m from a spend of $245bn.

Fraud Prevention 52

Fraud Prevention Duplicate Automation Scams 52

PYMNTS

SEPTEMBER 2, 2019

The move is significant progress in the use of the Voltron trade finance platform, which was developed by eight banks, including HSBC, BNP Paribas and Standard Chartered. The first step is focused on digitizing identities, while the second will create non-duplicating, non-reusable and universally recognized National Identification Numbers.

Blockchain 57

Blockchain Non-Bank Duplicate Bitcoin 57

PYMNTS

NOVEMBER 11, 2020

percent of finance leaders are evaluating or investing in AP and AR automations, with 67 percent focusing specifically on AI- and ML-powered systems,” per the new Playbook. businesses in a recent survey reported receiving duplicate invoices, that’s just the tip of the manual and paper iceberg. A recent survey found that 74.2

Automation 87

Automation Void Treasury Duplicate 87

Nanonets

JUNE 19, 2024

Errors in logging payments correctly, duplicates, or missing entries may lead to incorrect reporting. Duplicate Payments: Without regular reconciliation activities, there is always a risk associated with processing payments twice. Ensure that the vendor invoice correctly aligns with the Accounts Payable system for each item.

Reconciliation 52

Reconciliation Process Accounts Duplicate 52

PYMNTS

JUNE 22, 2017

We think roughly 30 percent of duplicate payments are the result of some sort of vendor master issue, either as a duplicate vendor or some other error associated with vendor master,” the executive explained.

Duplicate 48

Duplicate AI Audit Automation 48

PYMNTS

NOVEMBER 10, 2020

A survey of 500 finance professionals found that 54 percent of businesses have sent invoices to the wrong recipients, for example, while 63 percent of businesses have received duplicate invoices. Untold sums are lost due to these issues, leading businesses to develop or seek advanced technological solutions to fix them.

Liquidity Management 87

Liquidity Management Treasury Automation Point-of-Sale (POS) 87

PYMNTS

MARCH 31, 2020

Tipalti CEO and Co-Founder Chen Amit said in the release, “The importance of AI in business finance is only going to increase, and we will be adding new capabilities to Tipalti PI over time to support the needs of our customers. ” Tipalti Pi is created to help during the payable process such as by optimizing payables workflow.

Accounts 53

Accounts AI Duplicate Payment Reconciliation 53

PYMNTS

FEBRUARY 20, 2020

Yet, without the resources to invest in finance teams, many firms simply maintain the status quo of unaudited spend, the end result being a lot of wasted spend. “Businesses are at the point where they’re maximizing their key product offering[s], trying to grow revenue and their finance teams are stretched.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

Nanonets

FEBRUARY 19, 2024

Data Entry Mistakes : Misentries, such as duplicating transactions or inaccurately recording vendor details, can misalign your books. Avoiding Duplicate Payments : Duplicate payments to suppliers can occur, particularly with changes in team members or insufficient invoice processing protocols.

Reconciliation 52

Reconciliation Duplicate Adjustments Transactions 52