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BitX Funding Strikes Equipment Finance Alliance

PYMNTS

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). Late last year alternative lender OnDeck Capital introduced equipment financing to its suite of financing products for small businesses.

Capital 128
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Tech Center: EU’s Capital City Grows Tech Reputation

PYMNTS

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The World Bank ranked Belgium as the seventeenth best country in which to do business in 2017, out of 190 regions. The region is also home to an active and fast-growing startup scene.

Capital 100
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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017. Payments chaos.

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SMBs Enter 2019’s Final Quarter With Plate Full Of Concerns

PYMNTS

Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. Smaller companies are most vulnerable, researchers said, pointing to their lack of resources and IT staff to bolster cyber defenses. 76 percent of U.S.

Survey 134
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Where is IFRS 9 taking the cost of funding of banks?

BankUnderground

How IFRS 9 affects the level of equity capital. As Figure 2 demonstrates, IFRS 9 increases the level of credit loss provisions, reducing after-tax profit and retained earnings (the main component of equity capital resources) of a bank. Table A: Impact of IFRS 9 on capital ratios of European banks (1).

Capital 96
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The Middle Market’s Expense Management Conundrum

PYMNTS

“Just think about a standardizing and cutting-edge IT system, and the resources needed to run it.” According to recent data from travel and expense management software firm Certify, analysis of 2017 data showed a 4 percent decline in the number of corporates using a manual expense management system compared to the year before.

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Threats, Risk Coming At Businesses From All Sides

PYMNTS

49% of financial professionals say earnings uncertainty is a greater threat today than it was three years ago, according to the 2017 Association for Financial Professionals Risk Survey. Those challenges surpassed the 15 percent that said access to capital is their biggest challenge. 40% more cyberbreaches impacted U.S.

Survey 100