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Pokemon The Surprise Retail Sizzle Of The Summer?

PYMNTS

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. Pokémon GO: Pet Rock or Opportunity To Rock Retail?

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What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. retail banks indicate an almost 20 percent increase in credit card losses across the board during 2017. Student Lending.

Lending 105
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CORT On Using Mobile, Visual Purchasing To Solve B2B Event Payments Friction

PYMNTS

Kivanc Onan, head of B2B North America Financial Products for Alibaba , explained how features like lending services can help sellers get paid up front, while delivery guarantees that buyers feel more comfortable. Deep Dive: Keeping Online B2B Shopping Safe And Simple.

Mobile 197
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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future. Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. Incumbents Play Catch-Up.

Retail 78
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Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. Three years later, in 2013, Bank of America stopped enrolling new customers in the program. As of today, over 25K customers have made [the] switch from Bank of America to Aspiration.”.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.