| Middesk CEO On Helping FIs And FinTechs Derisk KYB Validating the identity of a business is made both difficult and risky given the lack of consistent data sources that meet the rigorous fraud and compliance standards of financial institutions (FIs) and FinTechs. Middesk CEO Kyle Mack tells Karen Webster how the KYB platform theyâve built is the first step in creating a single source of truth for validating the identity of a business, a platform Mack said earned its stripes with PPP. |
| Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The âAirbnb of Fashionâ After testing the concept in New York City, a new startup funded in part by the co-founder of Airbnb is ready to go nationwide. Founder Ardash Alphons tells Karen Webster that the sharing economy is his unique value proposition â where women with clothes and shoes they donât wear can rent them to women whoâd like to, using a network of dry cleaners whoâll make sure the items are delivered â and returned â clean. |
| JPMorgan On The Digital Transformation Of Corporate Liquidity Management Coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about managing their cash – an activity that’s ripe for a digital transformation. Lori Schwartz, JPMorgan’s head of global liquidity product solutions, hosts a PYMNTS Masterclass on how companies can improve liquidity management by moving from physical to virtual accounts. |
| On Demand Pay Finds A Home In Financial Services U.S. unemployment remains stubbornly high, yet pockets of resilience emerge – notably, in financial services. But even financial institution workers can feel the economy’s direct impact if other family members lose their jobs. In an interview with Karen Webster, Patrick Luther, industry principal of financial services at Ceridian, said on demand pay can help to boost FI staffers’ household cash flow at their time of need. |
| | Report: Disbursements Satisfaction 2020 | | The Number Of Disbursements Is Increasing, The Number Sent Instantly Barely Breaks 10 Percent Although the number of disbursements that consumers and SMBs receive has risen over the last year, barely 10 percent of them are sent via rails that allow those receivers to access and use those funds instantly. PYMNTS surveyed 5,000 consumers and 500 microbusinesses to examine the impact of instant payouts to their business and household cash flow, and their loyalty (or lack thereof) to the businesses sending them. Hereâs what we learned. |
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