Corporate treasurers have access to new payments and finance innovations that could transform the way money is moved and managed. But finance leaders are still working on spreadsheets, says Global Reach Senior FX Strategy Manager George Parry. He spoke with PYMNTS about treasurers' shifting risk mitigation strategies and cross-border payment technology needs that can guide them to a more modernized future.
A forward-thinking corporation's massive bet on bitcoin may not be the boon that blockchain had hoped for as it continues to entice treasurers as a cross-border-friendly payment rail. This week's Payment Rail Innovation roundup looks at finance chiefs' continued hesitancy toward crypto, and finds businesses instead embracing innovations on top of more tried-and-true infrastructure to accelerate settlement and digitize transactions.
Embedded financial services can be an irresistible value proposition for small businesses to consolidate operations and money management into a single platform. But the potential value for non-finance companies interested in providing financial services to their SMB customers can be especially strong, too. Banxware CEO Jens Roehrborn discusses how platforms can use SMB data to their advantage to strengthen customer relationships through services legacy banks cannot always offer.