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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. The Outsourced FinTech Opportunity. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

The firm has 1,300 employees across offices in seven states and is distinguished as a global FinTech unicorn. 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.

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

Increasingly, growing demand for improved digital services, and the emergence of FinTechs targeting small businesses, has encouraged traditional banks to develop tools specific to their SMB customer base, which was once too big for retail products and too small for enterprise services. The gig economy continues to expand in the U.S.

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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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