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What Banks Still Don’t Know About Getting The SBA’s $350B To SMBs

PYMNTS

The application for those loans went online in less than 48 hours, he noted, a short five days after the legislation that enabled it was signed into law by the president. trillion CARES Act , a massive stimulus effort meant to keep citizens and businesses whole and afloat while the world rides out the outbreak. has ever seen or offered.

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Orange Rolls Out Mobile Banking In Africa

PYMNTS

Patrick Roussel , executive vice president of MEA Mobile Financial Services with the company, explained in the release that the new mobile banking service grew out of the company’s original Orange Bank money transfer service launched in 2008.

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America’s Daunting Debt Picture

PYMNTS

Even big brick-and-mortar players like Macy’s have shown signs of reversing their recent ill fortune by luring customers back into their stores. Even big brick-and-mortar players like Macy’s have shown signs of reversing their recent ill fortune by luring customers back into their stores. household indebtedness. indebtedness in 2018.

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Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity

CB Insights

Between 2008 and 2018, the number of commercial bank branches in the US has declined by more than 6%. In contrast, online banking in the US has surged with 73% of consumers using it regularly, up from 46% in 2010. . get the state of challenger banks report. First name. Company Name. Phone number.

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Getting Past the Legacy

Banking 2020

Yet the question is still being asked, in a perfectly valid context, in a recent article in American Banker that evaluates just how much disruption there really has been in the industry. Technologies are now adopted by consumers at rates that defy the ability of many infrastructures to keep up. million already—will keep going up.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

On the eve of Yahoo’s acquisition of social networking platform Tumblr, then Yahoo CEO Marissa Mayer wrote a Tumblr post promising “not to screw it up.” Below, we look at some the worst mergers and acquisitions undertaken by large corporations, and how the good times went bad. The Sad State of Corporate Innovation. Microsoft and Nokia.

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Where are The FinTech Darlings Now?

Jeff For Banks

A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So far I'm up to five mentions. But among robo advisors, Betterment is emerging as the top FinTech (eight) startup, having opened it's virtual doors in 2008. We all know there is something to it. You know who you are.

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