PNC Bank to acquire Tempus Technologies, TurnKey Lender discusses commercial lending’s competitive forces, and Currencycloud pairs with OANDA on cross-border B2B payments
| | | | BUSINESS-TO-BUSINESS EDITION | | How Digital Assets Could Reshape The Future Of Corporate Treasury As corporate treasurers grow more comfortable with digital assets, they're moving into more sophisticated use cases of crypto like foreign exchange (FX) hedging and cross-border payments. The rise of digital currency could reshape how chief financial officers and treasurers move and manage company cash, but they won't be able to embrace this new paradigm without the right back-office infrastructure. Ledgermatic CEO Luke Sully spoke with PYMNTS about the opportunity for integration to ease the treasury department's evolution. |
| AP Innovators Increasingly Turn Attention To Supplier Friction When it comes to strengthening the B2B payment proposition, oftentimes tackling friction for only one side of a transaction is no longer sufficient. As solution providers position innovative commercial payment solutions in the market, they're increasingly having to benefit both buyers and suppliers. This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. |
| | Corporate Lending | | Banks Brace For New Competitive Forces In
Commercial Lending The Paycheck Protection Program painfully exposed some of legacy banks' biggest shortcomings in business lending. But it was a valuable learning curve that can be used to jumpstart digitization efforts that can keep financial institutions (FIs) competitive. Elena Ionenko, co-founder and chief operating officer of TurnKey Lender, tells PYMNTS how FinTechs' PPP successes and the rise of embedded finance in the B2B community, are adding new pressures for banks to modernize. |
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