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  • @fintechna 3:35 am on September 29, 2018 Permalink | Reply
    Tags: , convergence, , Grand, portals   

    eCommerce portals: The grand B2B convergence 

    For decades, business-to-business (B2B) commerce has relied on a broad array of organizations, such as trading partners and third-party payment and reconciliation facilitators, to complete any given purchase of goods and services. These organizations have been stitched loosely together by postal mail, telephones, computers and email, as depicted in Figure 1.

    Figure 1.  Illustrative Elements of a Traditional Paper-Based Payments Transaction
    eCommerce portals: The grand B2B convergence fintech
    Source: Accenture Payments research. Click/tap image to view larger.

    Historically, innovations have automated selected components of the above transaction process, but not necessarily allowed for process . For example:

    • Distributed walking plastic purchasing cards automate step 3 for buyers and suppliers. However, the related transaction may still rely on completion of the other steps. As a time-saving feature, purchasing cards have been promoted as a way to avoid steps 2 and 4 above—by presenting a card for payment at the outset of step 2 when goods or services are received. Many buying organizations have, therefore, been reluctant to allow purchasing cards for transactions above a few thousand dollars (in other words, transaction limits).
    • ePayables solutions (also known as virtual cards) have progressed further than purchasing cards as providers have supported directly, or through implemented integrations, automation of steps 2 through 5 above. However, the purchasing process has often been decoupled from payments, resulting in what can be a very manual and intensive supplier enablement campaign process. Furthermore, while ePayables integration for buyers can often dramatically reduce process time and cost, ePayables often present a manual payment acceptance process for suppliers—due in part to the proliferation of disparate, non-compatible ePayables solutions.

    marketplace are widely available and have been used many years for business-to-consumer transactions. Consider holiday shopping, for instance. Traditionally, one would go to a local mall or the outlets to find items for gift-giving. In recent years, many consumers have opted instead to complete some or most of their holiday shopping on the web through an eCommerce portal with access to an array of categories of new or used merchandise.

    As with so many other aspects of commerce, the consumer experience is leading to greater adoption and efficiencies for buyers and suppliers conducting B2B commerce. Through various eCommerce portal alternatives, connectivity with the requisition process can be improved and all of steps 1 through 5 may be converged and automated. Critical aspects, such as trading terms and forms of payment, may be determined upfront and, thereby, automated for any given transaction. Recent announcements by various eCommerce portals have included features that facilitate buyer and supplier reporting and reconciliations.

    Over time, these portals appear to be well-positioned to serve a greater portion of B2B trading activities.

    Also published in the NAPCP TransAct! newsletter

    The post eCommerce portals: The grand B2B convergence appeared first on Accenture Banking Blog.

    Accenture Banking Blog

     
  • @fintechna 3:35 pm on June 15, 2016 Permalink | Reply
    Tags: , , , , , , , , Finale, , Grand, Inaugural, , , ,   

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch 

    Nexussquared&8217;s first edition of nexuslab, a virtual co-organized with Startupbootcamp , is coming to its end. On July 07, 2016, the nexuslab Festival will mark the of nexuslab&;s , a one-day event that will feature a series of short pitch talks of the startups it helped nurture, as well as a number of presentations on current blockchain innovations.

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech

    , a Zurich-based company dedicated to &;establish Switzerland as a nexus for blockchain ,&; made headlines last year when it announced the world&8217;s very first virtual blockchain startup accelerator program.

    Designed to facilitate tailored coaching and &8220;inspired by the blockchain paradigms of decentralization, trust and efficiency,&8221; the rather unconventional three-month program &; dubbed Nexuslab &8211; aims at turning promising early-stage blockchain ideas and startups into &8220;winning business models.&8221;

    Among the ten startups that joined nexuslab&8217;s first batch in April 2016, eight will be presenting in Zurich at the nexuslab Festival finale:

     

    Agrello (ProofofYou)

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintechAgrello (ProofofYou) provides an Ethereum-based platform for creating, signing, fulfilling and managing contracts and legal documents. Digital signatures are legally verifiable through a browser-based signature verification process and legal documents can communicate to each other and are capable of monitoring and notifying about changes in the process and the dynamics of the execution of contracts.

    The company, based in Estonia, seeks to simplify legally and administratively intensive business processes.

     

    Doqum.io

    Doqum.ioNexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech is a peer-to-peer communication system that allows providers to send digital documents securely and conveniently to their clients. Doqum.io, a Swiss startup, uses blockchain technology for document-tracking and user authentication.

     

    First Wallet

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintechFirst Wallet, an Estonian startup, provides a payment method for content providers to sell articles without signup. First Wallet uses a blockchain-based micropayments system that allows to reduce transaction fees and enable 1 click opt-in and 0 click purchases backed by carrier billing.

     

    Paymeabit

    PaymeabitNexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech provides &8220;nanotransactions&8221; in aimed at changing how online content get rewarded by allowing users to tip very small amounts. Users can also sell their content. Paymeabit, an Italian startup, aims at facilitating the monetization of online content.

     

    Safe Bike

    Safe BikeNexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech is an application that lets users register their bicycles on the blockchain at the point of initial purchase to build a global, immutable register of ownership. Safe Bike, a service of German company Yope, allows bikes to be tagged via NFC tag and provides a universal way for accessing information using the Ethereum blockchain.

     

    Taqanu Bank

    Taqanu BankNexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech provides basic blockchain-based banking services including debit cards and checking accounts aimed at people who don&8217;t have a fixed address such as migrants, refugees, expatriates and remote workers. This neo-bank, based in Norway, will solely operate online via apps on mobile platforms. KYC information will be stored on the blockchain.

     

    Wone

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintechWone, from Finland, provides an interoperable peer-to-peer mobile payment solution throughout Europe. Wone uses a standardized proxy lookup service that harmonizes mobile payments within the SEPA area, allowing for Pan-European interoperability in peer-to-peer payments.

     

    Zeptagram

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintechZeptagram, a startup from Sweden, is planning to establish a platform for traders and investors worldwide for the trading of music properties. The platform will act as a transparent Internet exchange with real-time trading and transparent order books supported by blockchain technology.

     

    Alongside the pitch talks, nexuslab Festival will also feature a number of renowned speakers who will be covering emerging trends in blockchain technology.

    These include:

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech

    Bernd Lapp

    Member of the Ethereum Foundation Advisory Board, who will speak about how blockchain technology is changing current business models.

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech

    Roel Steenbergen

    Innovation Manager at Rabobank, who will tackle the future of banking and emerging fintech trends

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech

    Fabian Vogelsteller

    Ethereum Lead Ðapp Developer & Curator of “The DAO,” who will give a keynote on The DAO

    Nexuslab Festival will take place at Kaufleuten Festsaal in Zurich, starting from 12:45pm to 6:30pm.

    You can get your free ticket here.

    Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch fintech

    The post Nexussquared Announces Grand Finale for Blockchain Startup Program Inaugural Batch appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
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