A new bank sues the Federal Reserve, FBI investigates Wells’ wholesale operations, and Flockgen explores the value of B2B collaboration
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

September 72018

       BUSINESS TO BUSINESS EDITION

B2B Payments Fraud Tracker

In Payments Fraud, Impersonation Gets Personal

In the U.K., it’s well known that late payments bedevil firms — but what of payments fraud? Impersonation fraud, also known as business email compromise scams, is gaining traction in the region, hitting SMEs — half a million of them — hard, as noted in a recent report by Lloyds Bank.

 

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VC Investments

Investors Target B2B FinTech Firms That Multitask

Alt lending and accounting are some of the mainstays in B2B FinTech investments today. But this week, investors are showing their appetites for startups that can multitask. Top funding targets include an SMB finance firm working with factoring companies, banks and corporates that provide a range of services, as well as a B2B eCommerce platform ready to use its new funds to add financing and logistics services.

 

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Corporate Accounting

Flockgen: B2B Collaboration Vital To The Middle Market

Connecting with business customers and partners has never been easier — or more risky. As middle-market firms continue to turn to outsourcing, due diligence is a key piece of broadening partnerships. Flockgen CEO Mike Cassity says collaboration with pre-vetted business service providers addresses a range of challenges, from cost savings to late payments.

 

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