How a 2-sided solution can create frictionless onboarding
Business onboarding processes in the B2B payments space are currently a major source of friction for both banking businesses and their end customers. They are slow, manual and unfit for purpose and can take anywhere from 24 hours to six months to complete. Sadly, these inefficient, resource-heavy systems often lead to inconsistent data being received and customers becoming frustrated when contacted multiple times for information.
We look at some of the challenges that B2B international payments firms need to consider to improve their onboarding processes.
Business financing is changing and many companies are now turning to buy-now-pay-later (BNPL) as an alternative method. How is the rise of BNPL affecting B2B finance - and will new regulations in the US impact how it will be used in the future?