Wells eyes APIs for improved B2B payments, the Senate approves SBA head nomination, and Stenn talks clarifying SMB trade finance
| | | | BUSINESS-TO-BUSINESS EDITION | | Navigating The Increasingly Murky Waters Of Trade Finance The $1.5 trillion trade finance gap is expected to grow as banksâ risk appetites change, and as more businesses trade on open accounts. Yet with supply chain finance coming under fire, small businesses can struggle to gain clarity into which trade finance solution is appropriate. Dr. Kerstin Braun, president of Stenn, tells PYMNTS which specific scenarios make a trade finance product like factoring the right fit for a B2B supplier. |
| The B2B Payments Fraud Threat Of Internal Employees As the fallout from the Travelex cyberattack continues, businesses have been warned yet again about the risks of security lapses at their own suppliers. But this week's B2B Data Digest looks at the latest cases of B2B payments fraud stemming not from external bad actors, but from corporates' own employees. |
| | Accounts Receivable | | Wells Fargo: Using APIs To Cut Corporate Cash Flow Confusion Corporates no longer tolerate âswivel chairâ solutions that force them to switch back and forth between different software solutions and different bank websites just to manage their cash position. Imran Haider, executive vice president of open APIs for Wells Fargo, tells PYMNTS that thereâs a simple fix. In the latest B2B API Tracker, Haider discusses how application programming interfaces (APIs) are giving financial institutions (FIs) the tools they need to give corporates a single line of sight into the lifeblood of their business. |
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