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Many Fintechs Still Rely on Bring-Your-Own-Bank Strategy for Supply Chain Finance

Today, banks are by far the dominant player in providing supply chain finance, and do so in four ways. And many Fintechs that offer source-to-pay (S2P) and other supply chain collaboration solutions still have a strategy of using their clients’ house banks for supply chain finance. While it makes things easy if the customer can bring their own bank, it does not come without risk.

SAP & PrimeRevenue Partnership — Interview with PJ Bain, CEO of PrimeRevenue

Recently I had a chance to chat with PJ Bain, CEO of PrimeRevenue, and hear his thoughts around the firm's partnership with SAP. I always say there's one fact about a person that tells you a lot about him. PJ and I both enjoy sports, and I knew he played tight end on Georgia Tech’s football team. But I did not know he was a walk-on for those four years, which illustrated his passion for the game of football and his determination to be the best he can be. That passion carries over as CEO of a company he is taking to the next level with supply chain finance.

Few Lift Kimono to Show Real Data in Alternative Business Finance

Trying to determine just how much alternative business finance is occurring in the form of payable and receivable solutions versus mainstream lending is not a straightforward task. As we mentioned in a previous post, for the majority of alternative finance B2B providers, information on size, volumes, etc. is kept private, no different than trying to find the payment terms and commercial agreements between a Bechtel and a Sunoco or IBM and one of its engineering suppliers. That data is just not public.