How Blockchain Technology is Driving Innovation in B2B Payments
Presentation Date & Time:
October 19, 2021
1:00 PM CST
Name: Swetha Kolli
Organization: Bolt Financial, Inc.
The B2B Payments landscape on traditional rails is riddled with challenges such as speed, lack of transparency, high fee structure and long processing times. The pandemic has underscored how the buyer to supplier value chain can suffer with the often manual, labor-intensive business payment processes. It is estimated that 42% of B2B payments are still made with paper checks in the United States and 75% of the 25+ billion invoices exchanged annually still require manual processing. The time for digitization is now.
Businesses and financial institutions need to adapt their systems and processes and provide secure, cheaper, faster payments with efficient cash flow management and better client experience. In this session we'll learn how banks can embrace blockchain technology to modernize the B2B payment systems, blend old with new to stay relevant yet ahead of the curve.
Swetha Kolli Biography
Swetha Kolli is Director of Integrations Engineering at Bolt Financial, the platform pioneering next generation of e-commerce and creating best-in-class buying experience from checkout to fraud detection, payments and more. She is responsible for working with customers to build new features and own plugin integrations to the e-commerce backend systems. Before Bolt, Swetha was in the Blockchain and Payments space at Ripple in a Solutions Consulting function working with global financial institutions delivering complex strategic solutions and expanding product offerings. She has held various roles in Engineering, Product, Business Development and Customer Success across companies in technology sector. Swetha holds a Master’s degree in Computer Science from Illinois Institute of Technology.