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Former Tink employees launch Atlar, a payment automation startup

TechCrunch

The company has been working on an application programming interface (API) that facilitates bank-to-bank payments for European businesses. While European consumers are already quite familiar with open banking and payment initiation, a lot of B2B transfers are still processed manually. But banks don’t necessarily run modern REST APIs.

Banking 225
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Tesorio’s tools aim to help businesses automate payments collection

TechCrunch

The industry’s main competitor is the inertia of doing it the old way, despite it being manual, error-prone, and highly inefficient … All of a sudden, [tools like automation] have gone from vitamin to painkiller,” Vega told TechCrunch via email. . “Cash is becoming the number one priority for all organizations.

Tools 245
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Sequoia-backed SwooshTransfer raises millions of dollars to automate cross-border payments

TechCrunch

One of their biggest pain points has been payments collection, which normally involves high costs, delays and insufficient transparency. The firm’s main strength, Ma told TechCrunch, is applying technology to automate transactions, helping customers reduce costs as well as risks. It has set up a base in the U.K.,

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A Bank Automation Summit Preview: Dissecting the Intersection of Real-time Payments and Automation

Perficient

The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.

Banking 64
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The Power of Digital Supplier Collaboration: Transforming Accounts Payable Automation 

Cherry Work

One area where digitalization is making a significant impact is in accounts payable (AP) automation. However, the true game-changer lies in the integration of digital supplier collaboration on top of AP automation. Here are some keyways in which digital supplier collaboration along with AP automation is transforming business : 1.

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NetSuite adds generative AI to its entire ERP suite

CIO

NetSuite, an Oracle subsidiary, is a SaaS -based ERP provider offering a suite of applications that work together, reside on a common database, and are designed to automate core enterprise business processes. The new capabilities were announced on Tuesday at the company’s annual SuiteWorld conference in Las Vegas.

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Ledge aims to build automation tools for finance teams

TechCrunch

The rapid adoption of digital payments has become a great challenge for finance teams. He worked a Melio, a business-to-business (B2B) payments platform for small companies, where he saw finance teams become the victims of their own success. They also get AI-powered recommendations on how to optimize payments and spending.

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