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Anticipation For Amazon’s SMB Lending Disruption Grows

PYMNTS

The report points to sagging return on equities for the banks, which have not been able to surpass 10 percent since the 2007/2008 global financial crisis. Industry experts have highlighted small business lending as a key area in which these corporations could operate as they explore more ways to act like a bank.

Lending 109
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Sigma aims to streamline business operations.

Online 98
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Increased expenses, supply chain inefficiencies, and the need to enhance operating results contributed to the perfume retailer’s bankruptcy, which was court-approved in October.

Retail 78
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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. With large banks, including Ally and Capital One, officially doing away with overdraft fees, banks and credit unions will have to decide how they want to handle the new reality. Acronym of the Year. Enough said?

Fintech 142
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21 Lessons From Jeff Bezos’ Annual Letters To Shareholders

CB Insights

2012: Surprise and delight your customers to build long-term trust. 2008: Work backwards from customer needs to know what to build next. 2007: Missionaries build better products. 1998: Stay terrified of your customers. 2007: Missionaries build better products. 2017: Build high standards into company culture.

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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. This is down from 44% in 2004.

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AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

To put these numbers into perspective, estimates are that over a few years the Great Recession of 2007 – 2010 destroyed 8.7 Early-stage food-preparation startups using robotics and AI are proliferating, and operating in both B2B and B2C models. Robot-run warehouses are already in operation. million jobs in the US. in funding.