Paystand is on a mission to create a more open commercial finance system, starting with a zero-fee network for B2B payments. Paystand is the largest B2B receivables, payables and payments network running on a commercial blockchain. We make it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue.
The Fed's Latest Interest Rate Hike Could Set Off a
'Domino Effect' in Regional Bank Failures
Analysts say that the Fed’s decision to raise interest rates again has renewed concerns that some midsize or regional banks that have suffered large withdrawals of deposits could be on the edge of a precipice.
“Each incremental interest rate hike beyond what they had anticipated is going to exacerbate the banking problem significantly,” says Brian Bethune, a financial economist and economics professor at Boston College. “Once that trust starts to erode, then you have a domino effect. And we’re on the brink right now of a major domino effect in the regional banks.”
There is good news: In response to recent bank failures, Paystand added new treasury offerings for finance teams to better manage, control, and access cash at all times.
Now is the time to make your business more resilient. Schedule a consultation with us and we'll walk you through steps you can take to significantly reduce risk.
From Banking Crisis to DeFi: How Trust Can Be Resorted in Financial Networks w/ Salil Piroda
On this week's episode, our hosts, Jeremy Almond and Megan Guy chat with Fintech and Software Builder and Investor, Salil Pitroda. Join us in the conversation about what’s going on in the crypto exchange world right now, self-custody, cross-border commerce, and more!
Halfway through the year, Accounts Receivable teams in B2B companies should be settled into an optimal rhythm. But no matter how well-coordinated the teams become, some challenges still need to be addressed.
Picture this: It’s the end of finance as we know it. Banks are collapsing, inflation is uncontrollable, coins have no value, interest rates are through the roof. Financial teams are not ready to face this, and their business’ liquidity is being impacted.
CFOs are gathering tools, preparing a survival kit for the crisis. In fact, 90% of organizations believe they have a high level of financial risk management awareness, but only 60% feel confident in their ability to respond to financial risk events.
What equipment should CFOs pack on their survival kit? Click through to find out.
