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Microsoft, KPMG Announce Next B2B Solution

“Dubbed KPMG Azure healthcare analytics, the platform will provide performance and security solutions for healthcare firms that safeguard patient data under U.S. HIPAA regulations” reports pymnts.com. The solution provides small business joint customers with a holistic business management offering, including payroll, accounting, banking, inventory and other back-office functions. Bharat Rao, Ph.D. — KPMG data and analytics leader for Healthcare & Life Sciences, and partner with KPMG in the U.S. — noted in a statement, “With our Azure-based healthcare analytics platform, organizations can experience the benefits of a cloud-driven solution featuring the security and controls…

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SMB Insurance, Robo-Advisors Prove Unexpected Winners In B2B Funding

“While it was a quiet week for the industry, B2B startups still managed to secure more than $190 million in funding, mostly situated in the U.S. and Singapore” reports pymnts.com. On the human resources front, New York- and San Francisco-based Greenhouse announced $50 million in Series D funding this week.Its Series A funding was led by current investors, the company said, though a press release announcing the funding did not specify the identity of the backers.The latest funding was led by Franklin Templeton Investments, reports in Crowdfund Insider said.Next Insurance…

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Banks Lack Consensus On Real-Time Corporate Payments

“Fifteen percent of banks said they planned to build an entirely separate unit to handle real-time payments” reports pymnts.com. A new report from Aite Group suggests financial service providers aren’t quite sure how real-time payments will play out in the corporate arena.With regards to cost, Aite found that 10 percent of banks plan to charge the same as they do for wire transfers when it comes to real-time B2B payments.Fifteen percent said they will charge the same as they do for ACH payments.But Baumann noted that, even as banks press…

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Markets News 

Cybersecurity Squashes B2B Startup Funding Competition

“The industry landed $90 million in funding, accounting for four out of the 10 funding rounds announced by B2B startups” reports pymnts.com. By far, the largest funding round of a B2B startup this week went to CrowdStrike, which announced $200 million raised for its enterprise cybersecurity solution.Working in the human capital market, IndiQube provides startups and professionals with shared workspaces, with a focus on SMBs.Instead, startups in the payments processing, commercial card and cybersecurity market landed the top rounds of the week — with one company securing a $3 billion…

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Square Enters Procurement Payments Space With Handshake

“Payments company Square has made several initiatives in the past to expand its presence in the back-office and B2B payments space” reports pymnts.com. Square’s other initiatives in the back-office include Square Capital, its small business lending unit, as well as a 2015 partnership with B2B inventory and shipping management company Ordoro.Handshake CEO Glen Coates said in a statement, “As more and more B2B payments shift to credit card and more B2B orders migrate online, manufacturers and distributors are looking for ways to combine seamless customer ordering with a modern payment…

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Warehouse Robots, AltFin And Cybersecurity Top B2B Funding

“Its oversubscribed Series A funding round netted FreightWaves $13 million in fresh funding, the company announced this week” reports pymnts.com. The California firm announced $12 million in Series B funding in a press release this week, noting Tola Capital led the funding.Sequoia Capital and Shunwei Capital led the funding, while Qualgro also participated, according to a press release.Focusing its analytics technology on corporate research and development teams, U.K.-based startup PatSnap announced $38 million in Series D funding this week. Source: pymnts.com Share This:

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Crypto News 

Wirecard’s Blockchain Approach To Supply Chain Payments

“Payments firm Wirecard is expanding its presence in the B2B payments market, and is deploying blockchain technology in the process” reports pymnts.com. An announcement on the company’s website on Thursday (June 14) said Wirecard is expanding its B2B services, using blockchain to connect merchants with producers.The weakest link in any supply chain, particularly across borders, can be payments.With the trillions of dollars of cross-border transaction volume, Jamieson says that keeping those supply chains strong by optimizing payments across them is now essential. Source: pymnts.com Share This:

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