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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

The publication pointed to commentary from angel investor and entrepreneur Jason Calacanis, who predicted “that 50-80 percent of the venture-backed startups currently operating will shut down or go on life-support.” The company has announced a $10 million Series A funding round led by U.S. Arkose Labs.

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Berkshire’s Munger Weighs In On ‘Stupid’ Tax Policies … And Much Else

PYMNTS

In a series of commentaries at the annual shareholder meeting of the Daily Journal, Munger said that some states — including California, Connecticut and New York — have been “stupid” as they have driven wealthier individuals away amid onerous tax and regulatory policies. At the end of the year, the company held 249.6

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India’s Startups Wrap Up 2019 On A High Note

PYMNTS

And drilling down into the numbers, there were a total of 1,185 financing rounds, 459 of which were Series A rounds, funded by 817 investors. billion raised for pre-Series A funding, such as through angel financing, eclipsed the $3.3 billion last year, better than the $10.6 billion seen previously. And the $6.9

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British Airways Employees Say Call Center Data Not Secure

PYMNTS

One employee told The Financial Times that there were a series of daily violations that would enable unscrupulous workers to get their hands on and steal customer data. The commentary out of the call center staff could raise more concerns about how British Airlines protects consumers’ data. “We

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Banking On A Rough Earnings Season For Banks

PYMNTS

We wouldn’t hazard to take a guess at the true breadth and depth of the coronavirus, but it’s a safe bet to assume that management commentary will delve into deferred mortgage, credit card and auto loan payments. .” Those words could be applied to the financial services sector at large. Mobile active customers were up 7 percent to 24.4

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CECL Q&A - Segmentation

Abrigo

To help institutions prepare, Sageworks has launched a CECL webinar series covering data, segmentation, methodology and forecasting requirements broken down by loan pool type. There is no guidance or commentary that says you cannot approach segmentation this way. Usually, I encourage two levels of segmentation.

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Hawkish Fed Speak and Profit-Taking has Treasuries on the Back Foot

South State Correspondent

Treasuries are weaker this morning as some hawkish commentary late yesterday from Chair Powell and San Francisco Fed President Mary Daly reiterated the Fed’s commitment to squash inflation. In a bit of good news, perhaps a very small bit, another price series was released this morning that implies peak inflation may be behind us.