PYMNTS

SEPTEMBER 14, 2018

Spend analytics has broken through as an essential part of corporate procurement strategies. Traveling further into the world of procurement analytics, these professionals are also exploring trends in supplier behavior, purchase order and invoice management, and beyond. The company recently announced $3.2

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PYMNTS

JANUARY 27, 2021

But keeping track of it all can be a challenge — especially knowing what card is being charged, by whom, and when. Knowing which card pays which subscription, let alone canceling them, can be a pain point. Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app.

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PYMNTS

MARCH 4, 2020

The paperwork and delays that employee expenses generate can strain any business’s operations. The firm is also deploying data analytics as well as fuel cards to improve its fleet management efforts. Such hazards may be especially consequential for companies that consumers rely on during and after crises.

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Management Technology Analytics Resources 141

PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

Cards 156

Cards Analytics Payments Management 156

PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. Operating in the trade finance market, CCRManager announced $6.5 Expense Management. CCRManager.

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PYMNTS

APRIL 1, 2020

One bank exploring data analytics is ATB Financial , which has 173 branches and 142 agencies throughout the Canadian province of Alberta and assets totaling more than $54.3 One of the early tools of ATB’s data analytics program was its customer service robot, Pepper , which was developed in partnership with SoftBank Robotics America.

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PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

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Cards Capital Tools Fintech 164

PYMNTS

JANUARY 6, 2021

Christopher Shaffer , CEO of Utilimarc , recently told PYMNTS that enterprise fleets are facing greater pressure to control spend and optimize their operations. The need for integrated data analytics has never been more significant and impactful given our current climate," he said. Optimizing Operations. Connecting The Dots.

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PYMNTS

MARCH 27, 2020

The publication pointed to commentary from angel investor and entrepreneur Jason Calacanis, who predicted “that 50-80 percent of the venture-backed startups currently operating will shut down or go on life-support.” FInTech that raised $75 million in Series D funding for its small business credit card technology.

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PYMNTS

FEBRUARY 5, 2020

Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. We know the importance of cardholders’ preference for rapid self-service. Leavitt explained.

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Cards Payments Analytics Data 134

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

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Risk Management Compliance Fraud Regulation 221

PYMNTS

FEBRUARY 19, 2020

Analysis of contactless card transactions revealed that the volume of commercial card contactless payments, both debit and credit, jumped 24 percent between 2018 and 2019. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. SumUp Wields Cards For Faster Revenue.

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Cards Management Report Data 131

PYMNTS

APRIL 9, 2020

In Australia, the commercial card market is one example of how bureaucracy and legacy process have stifled access to important SMB financial services, despite a continued surge in banking innovation and digitization. “People don’t just want a physical credit card to swipe at the shops,” he said.

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Cards System Innovation Analytics 150

FICO

APRIL 26, 2022

UK Telco regulator Ofcom continues to push operators to ensure they are treating customers fairly with affordable access to phone, broadband, digital and pay TV services. But there’s clearly a disconnect between this and the way some providers approach customer affordability, which shows the need for better affordability analytics.

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PYMNTS

JUNE 20, 2019

Tried-and-true credit unions (CUs) have managed to keep pace with commercial banks, FinTechs and other financial institutions. According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. Data analytics can provide customer insights.

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PYMNTS

FEBRUARY 4, 2020

Once reserved for only the largest and most sophisticated firms, automated enterprise resource planning (ERP) and accounting platforms are now accessible for even the smallest of businesses, and data from those systems is the new currency of operational efficiency. Leavitt said in a recent interview with Karen Webster.

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PYMNTS

DECEMBER 20, 2019

With more than $89 million raised, B2B FinTechs this week impressed venture capitalists (VCs) with a range of services, including small business accounting, financing, spend management and payroll. Sleek offers a B2B service that enables startups and young businesses to incorporate and operate, targeting firms in Singapore and Hong Kong.

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Management Fintech Capital Operations 131

PYMNTS

SEPTEMBER 20, 2019

Meanwhile, a new service from legal analytics solution provider Quovant recently launched, that aims to help SMBs manage their legal expenses. The firm established the Telecoms Centre of Excellence (CoE) through a partnership with technology expense management provider MDSL. Empowering Solar Technicians With Spend Cards.

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PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

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Cards Innovation Data Payments 133

PYMNTS

SEPTEMBER 24, 2018

based Volopa has unveiled contactless multi-currency prepaid cards and India- based Obopay purchased mobile app company Mubble. London-based Volopa has unveiled contactless multi-currency prepaid cards geared toward businesses and consumers, according to reports. In addition, U.K. In the U.K.

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Cards Analytics Mobile ATM 138

FICO

JANUARY 12, 2022

I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Should you centralize or converge fraud and financial crimes operations and technology? Below are some key points and takeaways from our discussion.

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FICO

SEPTEMBER 10, 2018

FICO’s chief analytics officer, Dr. Scott Zoldi, has been named one of the top 100 innovators in data and analytics by Corinium. Corinium’s list spotlights business leaders, technologists and influencers who have accelerated the proliferation and understanding of data and analytics over the last 12 months. “My

Analytics 66

Analytics Innovation Data America 66

PYMNTS

DECEMBER 8, 2017

It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expense management and SaaS. Expense Management. The others, however, are working with more cutting-edge tech, including bitcoin and artificial intelligence (AI), and just so happened to see the largest funding rounds of the week.

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PYMNTS

OCTOBER 28, 2016

WEX and ExxonMobil are apparently pleased with their current partnership to offer fleet payment cards. The deal sees WEX offering a commercial card program across the U.S. ” WEX offers fleet commercial card solutions to help fleet managers and their businesses manage spend. . percent to $146.2

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Cards Regional Analytics America 100

Abrigo

APRIL 25, 2024

At the same time, 59% pursued credit to meet operating expenses. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets.

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Lending Trends Capital Strategy 222

PYMNTS

SEPTEMBER 17, 2019

In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. Identity verification solutions provider GIACT Systems recently announced plans to work with data analytics firm Equifax to launch its new EPIC Platform from GIACT. Deep Dive: Tapping AI To Tackle A $4.2T

Cards 130

Cards Payments Fraud Phoenix 130

PYMNTS

NOVEMBER 25, 2020

According to Chad Buckendahl , vice president and general manager at San Francisco-based eCommerce subscription platform operator sticky.io , if you’re not studying how your best and worst customers are performing — from acquisition to retention to lifetime value — you’re missing a huge opportunity. Churn Analysis.

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San Francisco Analytics Analysis Cards 202

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

Cards Analysis Data Compliance 108

PYMNTS

OCTOBER 25, 2017

Amid what management termed “healthy broader economic trends” in the United States, Discover Financial Services said that rising rates – coupled with increased credit card activity – helped to propel top- and bottom-line growth in the third quarter. billion, up 9 percent, while credit cards grew at the same pace to $63.5

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Cards United States Management Conference 100

FICO

NOVEMBER 30, 2022

Top 3 Actions for Delinquency Management Alleviating Inflation Concerns. Graph 1 : Quarterly credit card debt in the United States from 1st quarter 2010 to 2nd quarter 2022 ($ Billion) . Advanced analytics and machine learning can then uncover veiled yet meaningful portfolio insights and inform strategy. FICO Admin.

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FICO

MARCH 2, 2020

For its achievements, Swisscard won a 2019 FICO® Decisions Award for Debt Management. To achieve this, a joint team of Swisscard and FICO experts assessed the current state of the collections and recovery process and identified a number of key activities that would increase effectiveness across the debt management lifecycle.

Management 52

Management Analytics Strategy Cards 52

PYMNTS

JANUARY 9, 2020

Businesses demand actionable insights, and analytics technology must be tailored to users in a way that can guide corporate strategy. This data integration trend is also driving another critical trend in procurement and spend analytics, according to Shah: enterprise-wide collaboration. ” Collaboration Through Data.

Analytics 154

Analytics Data Trends Technology 154

FICO

APRIL 3, 2019

Analytics is critical to help monitor procure-to-pay transactions because it is fast, unbiased and can find hidden issues within the data. This article from the State of West Virginia is a perfect example: "More than 17% of Purchase Card transactions lacked sufficient documentation". 1) Analytics can provide 100% coverage.

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Analytics West Virginia Virginia System 45

FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. Effective Fraud Management Requires Explainable Technology.

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PYMNTS

OCTOBER 29, 2019

Genpact will provide artificial intelligence , machine learning, robotic process automation, analytics and other technologies, while Tradeshift will connect joint customers to enterprise apps to support digitization and automation of accounts payable, procurement and supplier management operations for streamlined procure-to-pay.

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Analytics Operations Data Strategy 101

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Thu, 06/23/2022 - 12:40.

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Fraud Management Data Compliance 52

Gonzobanker

NOVEMBER 16, 2017

In the last five years we reached the tipping point for adoption of the term big data , but unfortunately the same cannot be said about arriving at a tipping point for the success rate of analytics initiatives. In fact, analytics initiatives have one of the highest failure rates across financial institutions.

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