Small APAC sellers struggle with cash flow, IBM IDs cyberattack on Canadian firms, and the latest Bank Innovation Readiness Index.
| | | | BUSINESS TO BUSINESS EDITION | | How Small Online Sellers' Global Ambitions Complicate Cash Flow
The Asia Pacific market faces some of the same challenges as other parts of the world when it comes to small businesses' access to financing, but a surge in SMBs moving online to sell goods has thrown new wrenches in their search for working capital.Yochanan Forman-Zvezhinskiy, head of eCommerce at SMB and corporate payments company Currenxie, says global supply chains that operate in multiple currencies, coupled with APAC banks' reluctance to serve online sellers, have led the firm to begin offering trade finance to its customers â starting with sellers on Amazon.
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| Cards, Bank Loans And AltFin Easing SMBs' Search For Financing
With another Small Business Saturday in the books, SMBs are still kept on their toes by the yearly spike in sales this time of year. For many, that means seeking external financing to fund an increase in business, and according to the latest data, that search is easier than it has been in a while. From new highs in big bank loan approval rates, to the speed with which cards and alt-lenders can offer financing, SMBs are in good shape to get the working capital they need to keep up with the holiday season.
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| | FI Innovation Readiness | | Getting FIs Into The âReadyâ Business
The recent Bank Innovation Readiness Index, a collaboration between PYMNTS and i2c, shows that most FIs know they need to innovate in and around payments and even allocate the funds to do it â but many still get stuck. Amir Wain, i2c CEO and chairman, tells Karen Webster that those innovation pioneers share a few important characteristics that position them well to not only innovate, but to be in the âready businessâ as changing consumer and SMB payments trends evolve. He explains. Read More... |
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