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Banks Keep SMB Lending Gains Rolling

PYMNTS

When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement. Business owners are bullish on the economy.”. Lawmakers are currently probing the U.S.

Lending 102
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A too-busy-to-change mentality can cost accounting firms new business

Abrigo

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ? “So they hope the clients will come back after they pass them off to a valuation firm.”

Taxes 191
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A Global Approach To Local B2B Payments Digitization

PYMNTS

percent between 2014 and 2014 representing the highest growth in a decade, researchers said. Regional Trends. percent through 2020, led by growing global trade as B2B payment volumes in the region rise. The 2017 report , released Monday (Oct. Developing markets are driving this growth, too. What’s Holding Them Back.

Payments 124
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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

With the selldown of the Africa business – in a business that serves a region where the company has been for more than a century – minority ownership will effectively take the business off of Barclays’ books. That comes after a May 2014 announcement that roughly 19,000 positions would be eliminated firm-wide through the end of 2016.

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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 went on to raise a seed round from Sequoia Capital, Andreessen Horowitz, SV Angel, and PayPal founders Peter Thiel and Elon Musk in 2011.

Online 98
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Can APIs Fast-Track B2B X-Border Payments?

PYMNTS

In 2014, its first year in business, the company quickly signed up over 200 customers in Europe and then determined it needed to expand outside the region to build momentum. However, doing so meant building banking relationships in foreign markets — something that would have cost the upstart precious time and startup capital.

Payments 109
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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. Existing startups like the UK’s Revolut are also looking to expand in the region. customers since 2014 ( which is detailed in a separate brief on challenger banks ). savings accounts.

Retail 78