UK Businesses Lost £93M In 2018 Invoice Fraud; Plus SCM Boosts Hospital Margins; And UPS, Inxeption Pair On Blockchain eCommerce
| | | | BUSINESS TO BUSINESS EDITION | | UK Chancellor Seeks Crackdown On Late Payments Late payments continue to negatively impact small enterprises in the U.K., and the Chancellor of the Exchequer has stated that larger firms should have a director in place to help reduce delays. Elsewhere, late payments impact contractors focused on emergency repairs in the U.S. Virgin Islands after the 2017 hurricanes. |
| Fixing The KYC And AML âHorse-and-Buggyâ Model Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions, even trillions of dollars. Trulioo GM Zac Cohen tells Karen Webster that AML and KYC efforts can be enhanced if FIs think of compliance as a revenue generator, and if they play in the sandbox with tech-nimble innovators. |
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