SBA aids smaller lenders with PPP access, AICPA calls on the Federal Reserve to launch AR financing, and Argos Risk on overhauling vendor risk strategies
| | | | BUSINESS-TO-BUSINESS EDITION | | The Complicated Picture Of Banking Cannabis SMBs As the narrative goes, legal cannabis businesses' reliance on cash is the result of a lack of access to banking services. The reality is a bit more complicated, says Hypur Chief Revenue Officer Tyler Beuerlein. Most industry players are now banked, he told PYMNTS, but that doesn't mean their banking, payments and finance needs are easily met â even with federal legalization (possibly) on the way. |
| Innovation Eases The Friction Of Global Payment Rails This week's examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. Western Union is targeting speed and globalization, while OpenPayd explores the opportunity for corporates to reduce their reliance on banks to access a variety of payment networks. One FinTech, meanwhile, throws blockchain into the mix of legacy rails. |
| | Supply Chain Management | | A New Reality For Supplier Risk Management Supplier risk management has traditionally been viewed as a compliance burden low on the priority list. Now, the coronavirus has flipped this status quo on its head. Argos Risk President and CEO Lori Frank reflects on some of the unprecedented risks surfacing within the supply chain that will lead to long-term cultural shifts in the enterprise as vendor relationships become a vital strategy for survival. |
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