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Small business lending insights Vol. 1

Abrigo

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. At the same time, 59% pursued credit to meet operating expenses. A majority of applicants sought less than $100,000.

Lending 221
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Crowdshipping May Be The Next Sharing Economy Frontier

PYMNTS

One of the latest retail-related trends is “crowdshipping,” i.e. crowdsourced delivery. The total transaction value of the fast-growing online payments industry for all products is set to surpass $6 trillion by 2024, according to our Payments and the Platform Economy Playbook. But it’s a concept that just might have legs.

Retail 116
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The Fed Debuts FedNow

PYMNTS

“The Fed’s interest in faster payments was never simply as an interested, but passive, bystander … The Fed sees an opportunity to introduce competition in the faster payments space as a second operator of faster payments rails, like it is today with ACH,” she noted. Why Now For FedNow. What Comes Next .

System 214
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Today In Data: Intelligence Of Things Pushes Innovation

PYMNTS

in the form of smart poles that improve urban communities’ access to wireless networks and LED lighting. trillion | Estimated revenue in USD that mobile network operators stand to gain by 2026, achieved through early deployment of commercial low-power wide-area (LPWA) networks. Here are the numbers: 1.8 percent increase over 2016.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov.

America 189
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Banking as a Service gains unstoppable momentum, Finastra research shows

Bobsguide

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

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How GM’s Maven Is Driving Unattended Urban Mobility

PYMNTS

Could unattended retail be the solution? In anticipation of a new glut of residents, some urban communities are encouraging alternatives to vehicle ownership, such as car-sharing services. Operating a [car-sharing] service versus selling everybody a car, in some parts of the world, just frankly makes better sense,” he said.

Mobile 102