Nordea Bank talks real-time B2B payments fraud risks, Amazon eyes blockchain for supply chain visibility, and Alibaba introduces payment terms for SMBs
| | BUSINESS-TO-BUSINESS EDITION | Payroll Gears Up To Leapfrog Into APIs And Faster Payments Plagued with decades-old infrastructure, traditional banks were slow to modernize â until challenger financial institutions (FIs) stepped onto the scene, able to leapfrog into the market with cutting-edge technology. A similar pattern is emerging in the payroll arena, says PayRun.io's Stuart Hall. He spoke with PYMNTS about the opportunities in APIs and faster payments for payroll tech and professionals. |
Open Banking/Bank-FinTech Collaboration |
FinTechs Take The Initiative In Bank Collaboration Bank-FinTech collaboration continues to proliferate in markets around the world. This week's look at the latest tie-ups show the U.K. and Europe embracing FinTechs in open banking efforts. Elsewhere, FinTechs are taking the initiative to work with financial institutions and offer their technologies in an effort to augment corporate services. |
| B2B API Tracker™ | Real-Time Payments' Real-Time Achilles Heel APIs have dramatically accelerated B2B payments, but with that comes more risk and bad actors intercepting payments and compromising trust, says Nordea Bank executives Tino Kam and Ulrika Claesson. In this monthâs B2B API Tracker, both discuss how the shift to real-time payments necessitates the need for real-time recipient validation. | | |
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