Wells Fargo’s corporate banking struggles, 10x talks banks’ legacy tech challenges and MineralTree secures new funding
| | | | BUSINESS TO BUSINESS EDITION | | Global Payments Architecture |
| SWIFTâs gpi Gains X-Border Traction Overseas SWIFTâs global payments innovation (gpi) has gathered steam in Spain. Separately, new APIs are being made available to banks through a network to help speed onboarding and other activities. In addition, Apple makes a small acquisition of an API-focused firm. |
| Why Early Payment Discount Programs Fail To Take Off With delayed invoice payments imposing a crunch on supplier cash flows, early payment discounts can seem an attractive (and affordable) offering to both buyer and vendor. Yet, even as companies like American Express and Tipalti introduce early payment discount programs, Barclaycard research finds corporate procurement teams aren't investing in them â losing out on $8.6 billion in savings. |
| | Corporate Banking | | The Search For Relief From Banks' 'Suffocating' Legacy Infrastructure Amid pressure from FinTech firms, banks are finally ramping up efforts to address the pain of legacy infrastructure that 10x Group Managing Director Rebecca Skitt describes as "suffocating." Yet, rolling out a few mobile apps won't cut it in today's competitive landscape, she tells PYMNTS. True transformation requires a much grander vision. |
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