Fleetcor, Ripple team on global payments, NACHA combines with IFX Forum, and HSBC prepares to test blockchain trade finance tools.
| | | | BUSINESS TO BUSINESS EDITION | | Why SMB Lenders Need Straight Through Data The definition of friction in lending is when online financial data is printed out by the SMB, delivered manually to the lender, who then manually keys all of it into their own digital systems. Steven Brennan, SVP lending for Validis, told Karen Webster itâs what APIs and a team of forensic accountants at Validis tackled by delivering âstraight through dataâ from the SMBs' accounting system directly to the lenderâs underwriting platform. No paper required. |
| Could India's Finserv Market Be Primed For Open Banking? The Open Banking revolution isn't isolated to the EU market. Indeed, trends are emerging in the U.S. and Canada, even without the regulatory push. New analysis from GlobalData suggests India's market could be next, with digital FinServ efforts paving the way for easier data sharing. But analysts warn cybersecurity concerns are high â and advise India to look towards the U.K. in its progression toward a possible Open Banking future. |
| | T&E | | Expense Management Digs Deeper Into Corporate Ground Transit Uber and Lyft dominate the discussion of corporate travel disruption, but there is more to the B2B ground transportation market, says Tobi Mac, founder and CEO of FlitWays Technologies. Location, employee level and circumstance all factor into the booking process, as do demands for booking a ride ahead of schedule, requesting a luxury vehicle or paying with a personal or company card. All of this affects the expense management process, too, Mac explains to PYMNTS. |
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