FinTechs are keeping an eye on cash application trends amid uncertain times caused by the coronavirus. DadeSystems CMO Tom Berdan told PYMNTS in an interview, “We basically woke up to a new world relatively quickly.” Now, more than ever, he says, cash and cash collection are vitally important...
The competition for commercial deposits has become fiercer in the new decade. The rate of noninterest deposits growth has been declining over the last three years, according to quarterly reports from the Federal Deposit Insurance Corp. The percentage of noninterest deposits to total deposits has also...
FinTech companies are keeping an eye on investment trends as they aim to serve the needs of the marketplace. Venture capital (VC) and private equity firms, in general, have been investing in FinTech companies for years, and each firm has different specializations. Some firms focus on...
FinTech innovators are continually evolving their technology platforms as they aim to dive deeper into the automation space and also widen their offerings. DadeSystems, in one case, has been expanding into analytics. It considered building its own analytics, but it decided to use an open-source toolset...
FinTechs are connecting banks with tools such as integrated receivables that they can provide to their corporate customers — and offer them one view of all their payments. This technology has three components, including remittance matching, a single file for an enterprise resource planning (ERP)...
FinTech firms are delivering technology solutions to banks that can help them maintain their customer relationships — and generate income. As it stands, many larger banks — and even mid-sized banks — tap into treasury management solutions for two reasons. DadeSystems CMO Tom Berdan told PYMNTS in...
FinTech firms are tapping into cloud computing as they harness benefits such as scalability, reduced information technology (IT) costs, business continuity, and technology innovation as well as adoption. To be on the cutting edge, DadeSystems Chief Information Officer Mike Capote told PYMNTS in an interview, the flexibility...
Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. With payments coming in by check, DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS in an interview that “seemed to solve most...
Banks have an opportunity to deepen relationships with their corporate customers facing payment challenges. One promising product could be integrated receivables solutions. While most business-to-business payments are still done through paper check, electronic payments are growing rapidly. Paper checks remain at about 50 percent of business-to-business...
Integrated receivables have received a significant amount of interest and press in the banking space: DadeSystems President and CEO Bill Zayas, for instance, told PYMNTS in an interview that research firms have been creating papers on it — and said it has become a “hot topic” in the...