Tilpalti raises $150 million on a $2 billion valuation, Broadridge Financial helps European banks adopt Payments-as-a-Service, Bank of America releases new business treasury APIs
| | | | BUSINESS-TO-BUSINESS EDITION | | Embedded Financing Helps Asiaâs SMBs Weather Cash Flow Challenges To smooth cash flow headwinds, SMBs can benefit from access to financing through digital-only channels. Banking-as-a-service (BaaS) company RootAnt, based in Singapore, aims to strengthen enterprises and ecosystems through open banking technologies. Lincoln Yin, CEO of RootAnt, said that the pain points being felt right now by SMBs can be helped by embedded financing. |
| Commercial Card Innovation Puts SMBs In The Spotlight Smaller companies were the center of innovation in the commercial card space this week, with the rollout of new cards created for small- and medium-sized businesses (SMBs). This weekâs commercial card innovation tracker finds launches of SMB-focused offerings by American Express and Amazon in addition to Wyndham Hotels & Resorts and Barclays. |
| | Innovation | | Payments as a Service, Modernizing Banks on the Continent In Europe, as has been seen elsewhere, banks and other financial institutions must grapple with payments modernization but are burdened by legacy systems and infrastructure. Broadridge Financial Solutions is teaming with Germanyâs PPI to debut a Payments-as-a-Service (PaaS) initiative in Europe. Alastair McGill, general manager, data control solutions at Broadridge Financial tells PYMNTS how PaaS can modernize banks' payment processes amid the shift to faster payments and new regulations. |
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