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...
FinTechs are keeping an eye on the needs of banks and their corporate clients in today’s market. Treasurers, in one case, may have deposits at multiple banks as some institutions may provide services to help them collect deposits. However, they are seeking ways to consolidate...
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...
FinTechs are watching the latest trends in integrated receivables as a new year begins. The first trend that DadeSystems has noticed is that the cost of processing payments is rising, and that is for a few reasons, according to Chief Marketing Officer Tom Berdan. He told PYMNTS in an interview...
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...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] Banks have historically developed their own solutions for the marketplace, using sophisticated information technology (IT) and development resources. “If they wanted something for the marketplace, they would create it” and would design, develop and support those solutions for...
MIAMI, Nov. 5, 2018 /PRNewswire/ -- DadeSystems, a leading provider of integrated receivables solutions, announced today that DadePay received Celent's Xcelent Advanced Technology award in its "Integrated Receivables Solutions 2018: Celent ABCD Vendor View" research report. Celent, a division of Oliver Wyman Group, provides research, advisory, and consulting focused on financial...
by Bill Zayas, President & CEO Payment complexity is changing as check payments decline and electronic payments are rising, compelling businesses to actively seek banking partners who can deliver a seamless and integrated end-to-end cash application process for accounts receivables, regardless of payment type or channel....
When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. They were able to provide these services to their corporate customers, which effectively outsourced all of the work around receiving payments: that is, opening envelopes, scanning payments – as...