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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. The world needs a FinTech operating system.”. The world doesn’t need another bank,” Poovala told Webster. Fixing — And Verifying Business Ownership.

System 258
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SMBs’ Online Lending Surge Raises Borrower Protection Concerns

PYMNTS

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But the majority of online SMB lenders do not disclose publicly their fees and interest rates, reports warned.

Lending 131
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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. million credit card customers.

Data 130
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Prosper Shutting Down Secondary Market For Loans Later In October

PYMNTS

Prosper, the P2P lending marketplace, is reportedly closing down the secondary market for its loans later this month. The company doesn’t operate the secondary market itself but outsources to FOLIOfn, which is operated and maintained by FOLIOfn Investments, which is a registered broker dealer.

Marketing 170
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DinnerCall Brings Grocerants Online

PYMNTS

To combat 2016’s considerable slowdown in the grocery market as sales continue to move online, many grocery stores have started introducing grocerants. Using DinnerCall’s solution, grocerants can make their prepared foods and meal kits available for online order and pickup.

Online 100
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Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of An Incredible Shift In Retailer And Consumer Expectations. My company is in loyalty, or behavior incentivization.

Retail 129
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Masterpass Enabled 80 Million Accounts, 10,000 SME Merchants in 2016

Bank Innovation

When Mastercard fully rolled out its digital wallet last year – into the overcrowded market – it was unclear whether the company would be able reach the adoption goals set out by CEO Ajay Banga. The payment network enabled 80 million accounts at yearend 2016, and added five new Read More. But it did.

Marketing 150