Today in B2B payments, Triterras discusses the Greensill Capital saga with PYMNTS, and the SAFE Banking Act re-emerges in Congress. Plus, Deutsche Bank collaborates on corporate banking, NuORDER partners with Black Diamond on B2B eCommerce, and a look at Italy’s push to digitize small businesses.
Why Trade Finance Modernization Remains A Work In Progress
Deutsche Bank, TIS Partner On Corporate Fraud Prevention
Deutsche Bank and Treasury Intelligence Solutions (TIS) will be entering a strategic partnership in order to work on multi-bank issues, including fraud, according to a press release. The focus is on “new and innovative products and services combining the complementary capabilities and skills of an experienced payment platform provider with the expertise of a global corporate bank,” the release stated.
Lawmakers Back Act To Protect FIs Working With Pro-Pot Businesses
NuORDER, Black Diamond Team On B2B eCommerce Platform
B2B wholesale eCommerce platform provider NuORDER will provide its digital buying platform for Black Diamond Equipment beginning this year, according to a press release. “… Black Diamond will conduct all its wholesale practices through the digital buying platform,” NuORDER stated in the release.
SMBs Could Help Italy Grow GDP Via Digital Innovation
Italy, which ranked fourth-to-last for digital competitiveness in Europe in 2019, could have a chance to better its standing because of the pandemic, Reuters reported. The pandemic’s forced technological acceleration could enable Italy to catch up. The country could add an average of 1.9 percentage points per year to its gross domestic product (GDP) growth if its SMBs bridge a gap of 40 percent versus Spanish peers, according to Reuters. That’s measured by indicators such as eCommerce capabilities, electronic invoicing and use of Big Data.