B2B Payments Today: Synchrony CFO Discusses Agility; Bottomline Debuts Watchlist Screening

Today in B2B payments, Synchrony’s CFO discusses the importance of agility, and Bottomline Technologies creates a Watchlist Screening solution for financial institutions. Plus, Nexelus explores the impact of artificial intelligence on media accounts payable, Car IQ raises new funding and Citi creates a new small business lending program.

Agility Guides The Multitasking CFO Toward Modernization

Artificial Intelligence Enters Media AP Departments To Return Lost Time And Money

A high volume of documents and complex coding systems make billing and B2B payment errors a major risk for the media and advertising industry. Nexelus Co-Founder and CTO Imran Rahman discusses the opportunity for artificial intelligence and machine learning to return both time and money to organizations in a complex field.

Bottomline Debuts Watchlist Screening To Limit False Positives

Fleet Payment Startup Car IQ Raises $15M Oversubscribed Series B

Fleet payment startup Car IQ raised $15 million in an oversubscribed Series B funding round led by Forté Ventures, according to a press release on Wednesday (Aug. 11). Participants in the funding round also included new backers Ally Ventures, BlackBerry Limited, State Farm Ventures and TELUS Ventures, along with existing investors Alpana Ventures, Avanta Ventures, Citi Ventures, Quest Venture Partners and Scrum Ventures.

Citi Supports Local Businesses With New Lending Program

Citi announced on Wednesday (Aug. 11) that it is introducing the launch of Bridge built by Citi, a new lending platform intended to assist small and medium-sized businesses (SMBs) meet up with local lenders for loans up to $10 million. The Bridge built by Citi platform is working with 18 financial institutions to launch its pilot program — including Alabama, Colorado, Georgia, Louisiana, North Carolina, South Carolina and Tennessee — and others across the Southeast and Rockies regions.