| Why B2B May Be The Key To Europe's FinTech Pursuit
Europeâs FinTech market is at a crossroads. As the European Commission works to entice FinTechs to set up shop, the EU is also exploring how to strengthen its market post-Brexit, with regulators proposing this week to consolidate regulatory power over the financial sector. At the same time, EC Vice President Valdis Dombrovskis is urging a strategic approach to regulation over FinTechs. PYMNTS takes a look at the latest report from Innovate Finance, which suggests EU regulators may want to pay close attention to the B2B FinTech space in particular.
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| Large Enterprises Aren't Improving Their Procure-to-Pay Processes
Large enterprises are dispro- portionately affected by manual procure-to-pay processes like manual invoice management, costing companies an average of $171,340 a year, according to new Tungsten Network data. Its new Friction Index report has an even more concerning conclusion: Most businesses aren't making progress in addressing these problems.
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| | Banking Innovation | | For Bankingâs Future, The Hubâs The Rub
To modernize payments is no small task. Thatâs especially true for banks. Cheryl Gurz, CGIâs payments solutions director, weighs in on what works when innovation is a necessity rather than a luxury. First steps: Get a roadmap in place that moves beyond the legacy systems of yore. Read More... |
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