Bank Innovation

JULY 1, 2019

For the financial services industry, Facebook’s new cryptocurrency, Libra, is yet another warning that digital technology is chipping away at the foundation of traditional business models. Among them, the old-school capitalists, still tarnished by the financial crisis, would […].

cryptocurrency 210

cryptocurrency Data Industry Technology 210

PYMNTS

NOVEMBER 2, 2020

Digital payments network Zelle surpassed the one-billion transaction mark over the past year, with the coronavirus crisis leading to a boost in demand, according to a press release. Zelle also saw a big jump in payments sent over its network by small businesses, which surged 30 percent over the second quarter to $4.5

Payments 209

Payments Survey Course Fraud 209

PYMNTS

MAY 12, 2020

In Toronto, a new service called DMS ShopHERE , powered by the Schulich School of Business, aims to help small companies and artists move their businesses online. Small businesses have been hit hard by the coronavirus , which has forced them to close their doors.

Maine 240

Maine Los Angeles Online Washington 240

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. Now, a decade on, small business optimism is up in the U.S., If small businesses can’t get credit, they can’t grow,” he continued.

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

DECEMBER 22, 2020

The pandemic has forced businesses to pivot quickly to continue their operations — both domestically and internationally — with relative ease as the health crisis affects everything from supply chains to payment schedules. Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts.

Innovation 237

Innovation Cards Payments Study 237

TheGuardian

SEPTEMBER 13, 2022

Exclusive: Move is part of Bank of England’s delayed health check of financial industry The UK’s largest banks will be tested on their ability to withstand a rise in defaults linked to sky-high energy prices, as part of the Bank of England’s delayed health check of the financial industry. Continue reading.

Industry 92

Industry 92

BankInovation

JANUARY 19, 2024

Ally Financial today agreed to sell its point-of-sale financing business along with its loan books to Synchrony Financial for an undisclosed price.

Detroit 63

Detroit Retail 63

PYMNTS

MARCH 31, 2020

It used to be that the 2008 financial crisis was the quintessential black swan event — a perfect storm where banks, consumers, businesses and governments scrambled to address the widening fallout of the U.S. From crisis, too, springs opportunity — if one knows where to look. housing market. Dealing With Seismic Shifts.

Payments 200

Payments Course US Examples 200

PYMNTS

MARCH 17, 2020

Facebook wants to help small and medium-sized businesses (SMBs) survive the coronavirus pandemic, and is offering $100 million in grants to 30,000 companies in over 30 countries. To that end, the company is extending a total of $100 million in cash, as well as credits for advertising, to a maximum of 30,000 eligible small businesses.

social media 266

social media Training Resources Operations 266

PYMNTS

MAY 19, 2020

1 and ended May 1, which encompasses the beginning of the pandemic crisis and stay-at-home orders as well as the beginning of the recovery. chief financial officer, in the earnings announcement. “The chief financial officer, in the earnings announcement. By Walmart’s fiscal calendar, the quarter began Feb.

Retail 215

Retail Study Survey Online 215

PYMNTS

JULY 14, 2020

Financial institutions (FIs) have been undergoing a digital transformation for several years now – but in many ways, it was the coronavirus pandemic that truly ushered in the digital banking era. Consumers want access anytime, anywhere and with any device, creating a situation where businesses’ continuity plans are challenged and stressed.

Fraud 311

Fraud Meeting Strategy Operations 311

PYMNTS

DECEMBER 1, 2020

Last year saw 68 percent of companies using wire transfers to transact with international business partners, but more firms are now regarding this approach as too friction-heavy. Around The Business Digitization Space. Many may find that these updates were long overdue, crisis or no.

Trends 218

Trends Tools Payments Resources 218

PYMNTS

APRIL 23, 2020

“As credit unions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with credit unions to help them and their members weather the storm of uncertainty,” PSCU EVP and Chief Operating Officer Tom Gandre told PYMNTS. Business Continuity Is Key.

Fraud 159

Fraud Tools Policies Operations 159

PYMNTS

APRIL 5, 2020

Financial regulators have made $500 billion in capital available for lenders around the world , which gives lenders the freedom for another $5 trillion of loans around the world to go toward cushioning the blow the coronavirus has dealt to the world’s economy. In the U.S., unemployment has soared to record highs.

Capital 150

Capital Lending Regulation Study 150

Bank Innovation

MAY 8, 2018

Fintech startups have taken note of the vast opportunity in the SME space, which has been underserved by banks since the financial crisis. Small businesses are extremely profitable banking customers,” Trevor Dryer, CEO of Mirador, an SME […].

Fintech 220

Fintech Marketing Lending Innovation 220

TheGuardian

NOVEMBER 22, 2023

of the high street bank it bailed out in the 2008 financial crisis Business live – latest updates The UK government will explore options for selling off its remaining 38.6% This means shares can be bought by anyone, whereas previous share sales were to financial institutions. British government still owns 38.6%

Groups 58

Groups Retail Marketing 58

PYMNTS

DECEMBER 14, 2020

Many of these solutions providers are offering key services for businesses with employees working from home, and they also provide subscription rates that can help companies better afford the costs of necessary software rather than spending big upfront to acquire products wholesale. Around The Subscription Commerce Space.

Software 270

Software New York Trends Operations 270

PYMNTS

JANUARY 20, 2021

On a conference call with analysts , P&G Vice Chairman, Chief Operating Officer and Chief Financial Officer Jon Moeller said the mid- to long-term impacts of the pandemic are accelerating top and bottom-line growth as the quality and relevance of its many brands resonates with consumers. eCommerce Soars. Constructive Disruption.

Online 292

Online Report Strategy Trends 292

PYMNTS

APRIL 14, 2020

“Cisco’s customers and partners are under enormous pressure to keep their businesses connected while remaining productive and secure,” said Chairman and CEO Chuck Robbins in a statement Tuesday (April 14). Dubbed the Business Resiliency Program, it offers an immediate 90-day payment holiday.

California 151

California Operations Community Software 151

PYMNTS

MAY 22, 2020

In what could be among the most devastating economic impacts of COVID-19 overseas, a survey revealed 75 percent of Dubai businesses said they expect to close within the next six months, CNBC reported. Especially hard hit have been small and medium-sized businesses (SMBs), researchers found. The nation has been in lockdown for months.

Survey 132

Survey Community National Report 132

PYMNTS

APRIL 30, 2020

banks have stopped lending as much to European businesses as well, showing the home bias that is expected during a financial crisis. In China, banks were already facing mountains of bad debt, and the crisis had regulators letting them be more lenient with how bad debt was classified. However, U.S. billion for the effort.

Lending 188

Lending Comparison Regional Capital 188

Chris Skinner

MARCH 19, 2018

Things we’re reading today include … RBS works up plans for standalone digital bank FCA calls for global effort to speed up fintech growth Aldermore to push into business banking following FirstRand takeover Catching cyber-crooks From Wall Street to weed: How the financial crisis lit up the pot industry U.S.

Digital Banking 226

Digital Banking Fintech Industry 226

TheGuardian

FEBRUARY 15, 2024

Pre-tax figure of £6.2bn comes as bank confirms Paul Thwaite will take over permanently as CEO Business live – latest updates NatWest made its biggest annual profit last year since the 2007 financial crisis, helped by high interest rates, as the bank confirmed the interim boss Paul Thwaite would permanently take over as its chief executive before a (..)

Report 85

Report Taxes Groups 85

PYMNTS

JULY 16, 2020

“Sustained business success is dependent on business readiness to adapt to the changes in the market conditions, including the evolving needs of customers.”. The physical limitations of shelter in place have redefined how businesses and consumers make payments. Others know that pandemics and crises come and go.

Industry 239

Industry Payments Trends Compliance 239

PYMNTS

AUGUST 11, 2020

Earnings season has shed light on the actions banks are taking to prepare for the possibility that loans will sour amid COVID-19 , as many individuals, families and businesses face a cash crunch. That’s the highest tally of provisions seen since the 2008-09 financial crisis, when the number was $186 billion.

United States 217

United States Survey Maine Course 217

Payments Source

MAY 21, 2020

Unlike past economic recessions where businesses and consumers have had to adjust their payment habits and debt levels over the course of months or quarters as the economy shrank, the coronavirus-induced economic crisis has forced many to make much more abrupt financial adjustments.

Course 160

Course Payments Cards Retail 160

PYMNTS

MAY 19, 2020

Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney , Fox Business reported, citing Women’s Wear Daily (WWD). JCPenney officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Now, Amazon could be moving in. According to the U.S.

Texas 275

Texas Retail New York Security 275

PYMNTS

APRIL 9, 2020

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in loans through the coronavirus crisis, Reuters reported. The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans. “Our

Fintech 175

Fintech America Report Data 175

PYMNTS

MAY 1, 2020

Businesses have a front-row seat to the market volatility resulting from coronavirus. As governments around the world work with financial institutions to connect these companies to capital, many firms are quickly recognizing just how drastically their financial worlds have been turned upside down. Open Banking in the U.K.

Capital 238

Capital Company Lending Data 238

BankInovation

FEBRUARY 9, 2022

The COVID-19 health crisis has forced organizations to pivot to new ways of working. Companies and government agencies are fighting to maintain business continuity while helping their customers, employees and other stakeholders cope with the stress of a health crisis.

Trends 98

Trends Industry Company 98

PYMNTS

MAY 8, 2020

The crisis is hardly over, but post-pandemic reality is setting in for Main Street retail. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief. Most small businesses don’t have a lending relationship with a bank.

Maine 142

Maine Groups San Francisco Lending 142

Chris Skinner

JULY 4, 2017

UK banks made less than half the profits compared to French banks and the gap is likely to widen with a Macron business boost expected across the Channel. In the 2007 ranking, UK banks collectively made $17.3bn in pre-tax profits, a 32% fall on the previous year, and approximately a quarter of what they made before the financial crisis.

Metro 403

Metro Capital Taxes Maine 403

PYMNTS

FEBRUARY 25, 2019

The banking giant, which bought the longstanding Wall Street firm during the financial crisis in 2008, now plans to rebrand most of its wealth-management business as just Merrill. The firm grew in size and reputation, but in the 2000s became mired in the subprime mortgage crisis and was sold in a fire sale.

America 164

America Management Branding Security 164

PYMNTS

APRIL 14, 2020

The global pandemic has thrown businesses into an entirely new playing field and left many scrambling to act. Businesses reliant on global supply chains and manufacturers in greatly impacted countries face new hurdles and must seek ways to acquire the items they need. Businesses therefore must be on high alert.

Strategy 299

Strategy Meeting Report Payments 299

PYMNTS

MARCH 29, 2020

GrainChain , the farming blockchain system for agriculture and farming business, has moved to the Symbiont network, Assembly, a change which the company anticipates will help expand its business, according to a press release. Amid the crisis, farmers have been proving their continued relevance even in the digital age.

blockchain 189

blockchain Payments Texas America 189

PYMNTS

APRIL 10, 2020

Cities are starting to supplement the federal government in an effort to save Main Street businesses from the destructive economic effects of the COVID-19 pandemic. For example, Seattle announced that it will allow eligible businesses to defer business and occupation taxes and expand its Small Business Stabilization Fund.

Maine 141

Maine Seattle San Francisco New York City 141

PYMNTS

JUNE 7, 2019

Europe’s Financial Stability Board ( FSB ) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. The small business lending market has been booming thanks to the entrance of FinTechs. In January, the U.K.

Capital 108

Capital Lending Regulation Meeting 108