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How Federal Debt May Impact Banking

South State Correspondent

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model.

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Flywire Raises $120M, Acquires Simplee Healthcare Tech Startup

PYMNTS

This funding round brings the company’s total capital investment to $260 million. Tiger Global Management and Adage Capital Management also joined the round as new investors, with participation from existing investors. percent from 2019-2028 and is expected to comprise a $2.5

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows. Technology today can automate a range of workflows surrounding a B2B payment, including invoicing, payment term management and payment processing.

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Study Finds Trucking Company Bankruptcies Increased In 1H 2019

PYMNTS

The shortage could top 100,000 drivers in five years and 160,000 drivers in 2028. And yet, Supply Chain Dive reported this week that the number of trucking companies that have shuttered has more than tripled so far in 2019 to 640 trucking companies, according to data from Broughton Capital.

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Fostering Payments Trust In A Global Freelance Economy

PYMNTS

talent pool by 2028. Additionally, when freelancers look to grow their teams to address larger, more complex projects, or expand their service offerings, they often struggle to manage cash flow. But, they said, if compensation workflows break down, trust can quickly erode. Expanding The Talent Pool. At least in the U.S.,

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Funding Round Could Give AvidXchange $2B Valuation

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percent through 2028, according to Boston Consulting Group. 5) that it is integrating AvidPay into its BankTEL product suite, which is designed for financial institutions (FIs) to manage accounting and expenses. The firm has 1,300 employees across offices in seven states and is distinguished as a global FinTech unicorn.

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10 Bank Technology Trends to Follow for 2024

South State Correspondent

Enterprise Continuous Threat Exposure Management While many banks are advanced in managing their ongoing exposure management, the pace of change is causing banks to rethink their cyber defense. At present, many banks utilize a variety of fraud and security tools that both overlap and have gaps in coverage.

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