Remove 2017 Remove Marketing Remove Online Remove Operations
article thumbnail

Things worth reading: 30th May 2017

Chris Skinner

Things we’re reading today include … Brexit: French officials in ‘serious’ talks with banks about leaving London Singapore’s central bank fines Credit Suisse, UOB over AML breaches Are banks about to operate completely online? The post Things worth reading: 30th May 2017 appeared first on Chris Skinner's blog.

Analytics 157
article thumbnail

Jollypay Gets License To Operate In The UAE

PYMNTS

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release. . It was started in 2017 to aid in the company’s creation of a payment and services endeavor. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

The Great Online Innovation Pile On Of 2017

PYMNTS

There seems to be an awful lot of piling on these days on the big online platforms. Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 This one is particularly amusing.

article thumbnail

NY Dept Financial Services: Online Lenders Need Oversight

PYMNTS

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100
article thumbnail

Supermarket Profits To Rise In Second Half Of 2017

PYMNTS

But this could all start to see some change in the latter half of 2017 indicates a recent report from Moody’s Investor Service. Last year, Moody’s found that grocery stores’ operating profits declined about 5 percent due to a 1.3 Even with all the talk of digital usurpation, online sales make up a notably small fraction of the U.S.

Retail 101
article thumbnail

eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community.