As a way to further improve financial processes for businesses worldwide, PayPie is also establishing the Single Ledger initiati

30 Sep 2019, 16:51

As a way to further improve financial processes for businesses worldwide, PayPie is also establishing the Single Ledger initiative, which creates a distributed, highly available peer-to-peer network that provides a nearly instant and secure record of proof that the transaction occurred. Using blockchain technology, the Single Ledger enables the near real-time processing, settlement, and validation of transactions, reducing the risk of errors, fraud, and non-payment. As a permissioned environment, the business controls the access to its financial data and approves access to other businesses, accountants, auditors, and lenders. In turn, these parties transact directly with each other through a single ledger protocol eliminating friction. The Single Ledger blockchain technology is a native structure for sharing information, accelerating business processes, improving cost efficiencies, preventing operational errors, and minimizing settlement times. ABOUT PAYPIE PayPie Blockchain, Inc. empowers SMEs by improving their cash flow through insightful analytics, risk assessment, and financial analysis to explore affordable business financing opportunities. The platform brings ultimate trust and transparency to the fintech scene by introducing its unique financial risk assessment based on near real-time business accounting data to assist lenders and investors make data-driven business decisions. For all things PayPie, access

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PayPiePPP #1681

30 Sep 2019, 17:25

PayPie announced today the launch of version 1.0 of its #blockchain-enabled financial risk assessment platform aimed to transform the ability of #SMEs to access short-term #funding solutions and near-real time financial data with cash flow forecasting.

PayPie announced today the launch of version 1.

PayPiePPP #1681

30 Sep 2019, 17:25

PayPie announced today the launch of version 1.

PayPiePPP #1681

30 Sep 2019, 16:51

Press Release Dear Community, We are thrilled to announce the launch of our blockchain-enabled financial risk assessment platform. Now, small and medium-sized enterprises (SMEs) can invite lenders and PPP token holders to access PayPie's comprehensive financial risk assessment so they can make smarter, data-driven financial decisions. Here is a copy of the launch's press release, which can also be found at PayPie Launches Blockchain-Enabled Financial Risk Assessment Platform WILDEY, ST. MICHAEL, BARBADOS, September 30, 2019 – PayPie announced today the launch of version 1.0 of its blockchain-enabled financial risk assessment platform. PayPie aims to transform the ability of SMEs to access short-term funding solutions by leveraging blockchain technology creating a secure and reliable environment to provide industry participants with access to near-real-time financial data, key metrics, and cash flow predictions. PayPie is serving the unmet market need for a trusted platform that lets businesses build a transparent financial track record to help them obtain better access to short-term lending. Lenders currently lack real-time financial insights into SME borrowers. As lending decisions are often based on historical data that may not reflect the borrowers’ current financial condition, the lenders’ ability to determine borrowers’ current financial health is restricted. To address that, PayPie will help lenders enable faster and more reliable credit approvals for businesses worldwide by highlighting the financial assessment of SMEs based on key performance indicators, current and historical accounting information, account history, and risks associated with a business that can be trusted globally. The underlying input of a company’s financials is the journal entry data that is being entered in its accounting software account. PayPie currently integrates with QuickBooks Online and was ranked in the top 10 apps listed in the Intuit app store in 2018. The data is used to predict income, expenses, payables, receivables, and other financial attributes to determine how reliable SMEs are at making payments to their vendors, what is the projected cash flow for the following days, weeks, or months, and more. “The integration of a blockchain ecosystem with accounting data is a way to improve transparency, automate lending, and accelerate processes. The clarity of events in an accounting solution along the supply chain is an enabler of faster payment, increased efficiency, reduced risk of fraud, and lower costs. Through smart contracts, the convoluted process of collecting real-time financial data, business income, expenses, short-term debts and long-term obligations, etc., can be documented in the contract itself. Modern smart contracts can be expanded to include multiple parties including lenders, borrowers, banks, buyers, and sellers, and can be developed to trigger payment events based on when a product or service is delivered while ensuring they are carried out automatically”, said PayPie’s CEO, Nick Chandi. PayPie supports the development of credit marketplaces to enable SMEs gain almost immediate access to liquidity. The detailed transactional and financial business data compiled on a near real-time basis feeds directly into the platform’s risk algorithm, which gives potential business reviewers a level of information and confidence not currently found anywhere else. Business reviewers, including investors and lenders, will be able to use PPP Tokens to access the financial scoring data of an SME.

Press Release. Dear Community,.

Press Release Dear Community, We are thrilled to announce the launch of our blockchain-enabled financial risk assessment platform. Now, small and medium-sized enterprises (SMEs) can invite lenders and PPP token holders to access PayPie's comprehensive financial risk assessment so they can make smarter, data-driven financial decisions. Here is a copy of the launch's press release, which can also be found at https://www.paypie.bb/risk-assessment-launch-press-release.pdf. PayPie Launches Blockchain-Enabled Financial Risk Assessment Platform WILDEY, ST. MICHAEL, BARBADOS, September 30, 2019 – PayPie announced today the launch of version 1.0 of its blockchain-enabled financial risk assessment platform. PayPie aims to transform the ability of SMEs to access short-term funding solutions by leveraging blockchain technology creating a secure and reliable environment to provide industry participants with access to near-real-time financial data, key metrics, and cash flow predictions. PayPie is serving the unmet market need for a trusted platform that lets businesses build a transparent financial track record to help them obtain better access to short-term lending. Lenders currently lack real-time financial insights into SME borrowers. As lending decisions are often based on historical data that may not reflect the borrowers’ current financial condition, the lenders’ ability to determine borrowers’ current financial health is restricted. To address that, PayPie will help lenders enable faster and more reliable credit approvals for businesses worldwide by highlighting the financial assessment of SMEs based on key performance indicators, current and historical accounting information, account history, and risks associated with a business that can be trusted globally. The underlying input of a company’s financials is the journal entry data that is being entered in its accounting software account. PayPie currently integrates with QuickBooks Online and was ranked in the top 10 apps listed in the Intuit app store in 2018. The data is used to predict income, expenses, payables, receivables, and other financial attributes to determine how reliable SMEs are at making payments to their vendors, what is the projected cash flow for the following days, weeks, or months, and more. “The integration of a blockchain ecosystem with accounting data is a way to improve transparency, automate lending, and accelerate processes. The clarity of events in an accounting solution along the supply chain is an enabler of faster payment, increased efficiency, reduced risk of fraud, and lower costs. Through smart contracts, the convoluted process of collecting real-time financial data, business income, expenses, short-term debts and long-term obligations, etc., can be documented in the contract itself. Modern smart contracts can be expanded to include multiple parties including lenders, borrowers, banks, buyers, and sellers, and can be developed to trigger payment events based on when a product or service is delivered while ensuring they are carried out automatically”, said PayPie’s CEO, Nick Chandi. PayPie supports the development of credit marketplaces to enable SMEs gain almost immediate access to liquidity. The detailed transactional and financial business data compiled on a near real-time basis feeds directly into the platform’s risk algorithm, which gives potential business reviewers a level of information and confidence not currently found anywhere else. Business reviewers, including investors and lenders, will be able to use PPP Tokens to access the financial scoring data of an SME.