| In Expense Fraud, Admitting Thereâs A Problem Is The First Step
No organization wants to accept that fraud is occurring within its walls, but the reality is, whether intentional or not, fraud is pretty much everywhere. One area most easily hit by fraud is expensing, where a simple fudge of the numbers on an expense report, or an accidental duplicate reimbursement to an employee, mean money wasted. Anant Kale, founder and CEO of AppZen, explains how artificial intelligence (AI) is being wielded to automate the expense auditing process to identify fraud and errors. While the technology can certainly save companies a buck or two, Kale told PYMNTS that the true power of AI goes further.
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| Asia's Alternative SMB Finance Lands Investment Boom
B2B FinTech enjoyed more time in the spotlight with investors this week as companies around the globe â ranging from eProcurement to small- and medium-sized business (SMB) accounting to supply chain management startups â secured fresh funding to support growth. But Asia's alternative SMB lending industry was the clear winner thanks to WeLab, a Hong Kong-based firm that landed $220 million in funding this week. That's not to say the other, smaller funding rounds in the space should be ignored, though. PYMNTS breaks down the $287 million in total funding announced by B2B FinTech startups this week.
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| | PYMNTS Disbursements Tracker™ | | TRENDING: How Fitness Pros Are Pushing Payments
From push-ups to push payments, the growth of fitness management software is helping fitness professionals better manage their schedules and how they get paid. For the November Disbursements Trackerâ¢, in collaboration with Ingo Money, PYMNTS chats with John Cline, founder and CEO of fitness software solution Fitli, about his mission to #KillTheCheck by pushing payments to an account of the instructorâs choosing. That, plus a deep dive on push payments and tax refunds and nine new additions to the provider directory, inside the Tracker. Read More... |
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