JPMorgan next to face claims of unfair PPP lending, Ember talks cutting accounting jargon out of contractor finance, and Invoiced launches virtual lockbox for check payments
| | | | BUSINESS-TO-BUSINESS EDITION | | How APIs Ease Treasurers' Reliance On Banks Bulk file uploads, manual data entry and a plethora of payment scheme choice: corporate treasurers face mounds of workflow friction when sending and receiving bank transfers. OpenPayd Chief Product Officer Adam Bialy says reliance on banks to manage transactions is often at the root of the challenge, and explains how application programming interfaces (APIs) can ease that dependency for treasury teams and their technology providers. |
| FinTechs Take A Regional Approach To SMB COVID-19 Relief With another round of Paycheck Protection Program funding on the way, the market will be watching closely whether lenders can overcome the headaches experienced during round one. PYMNTS examines some of the latest efforts by FinTechs and financial institutions (FIs) to automate the PPP lending process for SMBs and lenders, with many targeting regional and community banks. |
| | Accounting | | Cutting Through The Accounting Jargon For Independent Contractors Independent contractors can find themselves in a precarious situation when managing finances and payments as their financial admin needs are too complex for consumer apps, yet they have too few resources to invest in outsourced accountants or complex portals. With cash management more crucial than ever for these professionals, Dan Hogan chief financial officer and chief operating officer of Ember, tells PYMNTS that the first step to lifting the financial admin burden is cutting through the accounting jargon. |
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