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The Financial Technologies SMEs Aren’t Using

PYMNTS

For those small businesses that do use social media, Clutch found that Facebook is by far the most popular platform, with more than 90 percent of social media-engaged SMEs using the tool. The statistics were published last week from BDRC Continental, which surveyed 100,000 U.K. small businesses. More than half use Twitter, too.

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

In an announcement made last week, the community bank said the integration will support customers that seek “new functionality” from their banking service providers, according to Chief Information Officer DJ Seeterlin, who added that customers “need financial technology tools that align with their personal and business needs.”

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Could a Banking Virtual Assistant Become a Robo-Advisor?

Bank Innovation

Financial technology provider Personetics is building robo-advisor capabilities into its AI-based PFM tool offering. This new feature will allow banks to offer their customers the valuable product of auto-investment, ideally at no extra, or at least minimal, extra cost.

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AP/AR, Payments Yield To The Processing Might Of Automation

PYMNTS

“Companies are adjusting their AP practices to better suit work-from-home operations, according to recently released results of a survey taken from May to June. financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The poll of 325 U.S.

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How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. Muller explained that the technology augments existing rails like eCheck and ACH to enhance data capture and transmission to complete a transaction.

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

Our customers need financial technology tools that align with their personal and business needs,” Wells River Savings Bank Chief Financial Officer and Chief Operations Officers Judy Lavely said in the announcement. RTP already accounts for more than 6 percent of Modern Treasury volume.”.

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Teampay Wields Slack To Promote Controller Collaboration

PYMNTS

Controllers are uniquely positioned to fuel a company’s agility through both strategy and operational excellence, but organizations typically only have one Controller. As the coronavirus forces people to close office doors and collaborate from home, Slack is among numerous tools gaining in importance. .