HSBC taps Alibaba unit for digital trade finance, Wiserfunding explores SMB loan underwriting disruption, and Zoho offers free software for coronavirus-hit SMBs
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

March 23, 2020

       BUSINESS-TO-BUSINESS EDITION

Accounts Receivable

Modernizing Media Sellers’ Invoice-To-Cash Cycles

The media and advertising industry is notorious for delayed and outdated B2B payment practices. Accounts receivable automation can support media sellers’ invoice-to-cash cycles, but WideOrbit Senior Director Product, WO Payments Suite Paul Jaffe says it’s critical that AR technology is also able to service ad buyers on the accounts payable side to accelerate supplier payments.

 

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Data Digest

Email Fraudsters Take Advantage Of Coronavirus Opportunity

As work-from-home requirements expand, the U.S. Department of Homeland Security has warned that cyber fraudsters are taking advantage of a heightened reliance on corporate emails. This week's look at the numbers behind B2B fraud find new business email compromise threats, plus a payroll software scammer and a lack of confidence among finance executives struggling with lax fraud controls.

 

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SMB Lending

SMB Loan Underwriting Prepares For Turbulent Times

Access to capital will be critical to the survival of small businesses in the months ahead, but lenders’ underwriting processes can fall short of correctly meeting their current risk appetite. Wiserfunding CEO and Co-founder Gabriele Sabato told PYMNTS how open banking and artificial intelligence (AI) can broaden the scope of SMB data collection, from bank accounts to LinkedIn profiles, and ready the SMB finance ecosystem for turbulent times ahead.

 

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