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How Community Financial Institutions Can Regain the Small Business Lending Market

Abrigo

CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market. The data also shows the emergence and success of online lenders, accounting for 20% of business loan applications.

Lending 195
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Amazon Gains Ground In Holdout Markets

PYMNTS

Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately yields. The degree to which consumers intend to continue shopping online seems to depend on the types of products and services they purchase.

Marketing 237
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The Rapid Rise of Mobile Marketing Trends in Millennial Consumers

Bank Innovation

The face of banking and financial education has changed how we market in the course of a few short years. Digital media usage has nearly tripled since 2010, with the prevalence of smartphones responsible for more than 90% of this growth. Smartphones have become the device of choice for well over half of digital media […].

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Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens

PYMNTS

But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. Housing certainly contributed to a wealth boost, up more than 5 percent annually, while equity markets increased by double-digit percentages from 2016 to 2019. Online Banking . Overall, 98.7 Debt Burden .

Survey 131
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Online Fashion Site Moda Operandi Raises $100K For Expansion

PYMNTS

Online fashion marketplace Moda Operandi announced a $100,000 funding boost that it will use to invest in its technology and bolster business overall. High-end fashion has been a bountiful market for the eCommerce industry. For that type of market, websites, apps and platforms like Instagram have been helpful.

Online 134
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In Europe, Single Data Market Looms?

PYMNTS

tech firms’ dominance across online platforms, and the collection and use of data. The European Union is examining the creation of a single data market that would reportedly challenge tech firms such as Google and Facebook, as Reuters reported. In Europe, another regulatory salvo may be aimed at U.S.

Data 130
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eCommerce Site Wish Drops 16.4 Pct On First Day Of Trading

PYMNTS

16) for the company's market debut, CNBC reported. Wish, founded in 2010 by former Google engineer Peter Szulczewski , has become known as a market for low- and middle-class shoppers, gaining it a reputation as an online dollar store, CNBC reported. percent Wednesday (Dec. The opening trade was $22.75

Capital 234