Open Banking is a Banking System initiative that gives the customers of traditional banks the option to share access to their banking data and allows for the secure sharing of that data with approved third party providers. Its aim is … Continued
According to the Q3 2021 Prompt Payments Report by ISME (Irish SME Association), the average time to payment in Ireland is 46 days. That’s around 50% more than the typical credit term of 30 days, so it’s no surprise that … Continued
If your company has Invoice Discounting facilities with Ulster Bank, then you are very aware that the bank is exiting the market before the end of the year. You may think that means you have plenty of time to put … Continued
When most companies think of ways to raise funding, the first thing that comes to mind is a bank loan or overdraft. However, there are many other options available that are far more flexible, such as invoice financing. Invoice financing … Continued
A few days ago, following the news that Ulster Bank were embarking on an orderly exit and that Bank of Ireland were making wholesale branch closures, economist David McWilliams tweeted “Do you get the feeling that bank are sitting ducks … Continued
Invoice discounting is a type of funding that allows businesses to access cash that is tied up in unpaid invoices. When a business extends credit to a customer, they often have to wait 30, 60, or even 90 days for … Continued
In a recent Lend Academy Podcast, Kathryn Petralia the Co-Founder and President of Kabbage, a US fintech, discussed the correlation between time and funding. She shared that she is often asked if Kabbage customers are desperate for funding, but instead … Continued
This week in our Customer Spotlight we discuss two data focused companies, unearthing the power of data. The API Economy Last week our CEO Helen Cahill discussed the advent of Open Banking, the regulatory exposure of data via APIs. … Continued
Open banking is providing choice for consumers Open banking is the result of industrial and regulatory reforms that are driving competition and innovation in the financial industry. Banks and payment providers must share financial data with other institutions. This creates … Continued
Customer Spotlights share the successes our customers are finding in their sectors and how they used InvoiceFair’s model to fund this growth. This week we discuss two customers who are using technology to innovate within their industries – one through … Continued