PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. But the news service reported the sector was plagued by fraud and defaults. 14), per the report.

Lending 315

Lending Regulation Industry Fraud 315

PYMNTS

NOVEMBER 27, 2020

It's been more than a decade since the boom of neo and challenger banks stepping into the market to fill the biggest service gaps left by FI giants. In a recent interview, he discussed why Juni is targeting eCommerce and digital marketing businesses with its offering. The eCommerce Banking Challenge.

Strategy 295

Strategy Industry Marketing Data 295

Abrigo

OCTOBER 19, 2023

In this article, we’ll explore the history of Cybersecurity Awareness Month, how it impacts the financial services sector, and what financial institutions can do to promote cybersecurity awareness among their employees and customers. They also face constant cyberattacks from hackers who seek to disrupt services or steal money or data.

Online 221

Online Security Resources Training 221

PYMNTS

SEPTEMBER 30, 2020

The public sector has a unique challenge ahead. To do so, the sector will need to implement modern technologies that drive efficiencies while creating experiences that employees value. To do so, the sector will need to implement modern technologies that drive efficiencies while creating experiences that employees value.

Resources 244

Resources User Experience Tools Technology 244

Perficient

MARCH 8, 2023

Fortunately, most societies today don’t legally bar women from partaking in these tasks, but the ancient history of shutting doors on women seeking greater financial control has left an undeniable gender gap in the world of financial services and a lingering, detrimental attitude that money management is a man’s job.

Innovation Strategies 275

Innovation Strategies Study Marketing Leadership 275

Perficient

JANUARY 12, 2021

Historically, the customer engagement and experience in many financial institutions have tended to be very product- or service-focused and can be very dysfunctional across channels. Small Business Innovation. The number of small businesses in the U.S. businesses. reached 31.7

Trends 332

Trends Fintech Customer Experience Innovation 332

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products.

Innovation 225

Innovation Policies User Experience Security 225

Perficient

FEBRUARY 15, 2024

The announcement of significant amendments to the DFS500 regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector. Explore our Risk and Regulatory service offerings page to discover how Perficient can fortify your business against regulatory challenges today!

Compliance 221

Compliance New York Regulation Analysis 221

Perficient

DECEMBER 6, 2023

In recent years, the Consumer Financial Protection Bureau (CFPB) has significantly broadened its oversight, extending beyond major banks to address concerns in various industries, such as payday loan providers, credit reporting agencies, and most recently, the medical debt collection sector.

Industry 221

Industry Compliance Exercises Regulation 221

TheGuardian

JANUARY 31, 2024

Shadow chancellor says party aims to be champion of a thriving financial sector if it wins election Business live – latest updates Labour will not reinstate a cap on bankers’ bonuses if it wins the next election, the shadow chancellor has said.

Regulation 111

Regulation Industry 111

PYMNTS

MAY 3, 2020

Attacks typically targeted larger businesses that could afford to pay those kinds of sums, and the attacks tended to be successful more often. The top industries targeted by ransomware were professional services with 18.1 percent and the public sector with 12 percent. percent, healthcare with 13.8

Payments 202

Payments Maine Data Online 202

PYMNTS

SEPTEMBER 29, 2020

The move comes on the heels of a pair of significant deals for AeroPay that have seen the company emerge as a financial services provider for the fast-expanding legal cannabis sector. A division of Partner Colorado Credit Union, Safe Harbor provides a compliance-based banking program for cannabis businesses.

Colorado 158

Colorado Chicago Fintech Innovation 158

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.

Lending 221

Lending Trends Capital Strategy 221

South State Correspondent

SEPTEMBER 27, 2023

With interest rates up 5.25% from the start of the cycle and valuations for businesses and property coming down, a forthcoming credit shock will likely hit banking in the next 24 months and will leave many banks undercapitalized. Outside the office sector, rents continue falling in multifamily, retail, and specialty real estate.

Lending 195

Lending US Marketing Capital 195

PYMNTS

AUGUST 5, 2020

Private sector employment rose by 167,000 in July, but the numbers are a far cry from June, when private-sector employment increased by nearly 2.4 The total was well below Wall Street predictions that the number of new jobs in the private sector would reach one million. “The

Report 195

Report Washington Analytics National 195

PYMNTS

JULY 1, 2020

It’s not exactly “Happy Days Are Here Again,” but private sector employment increased by nearly 2.4 ADP’s report for April had private-sector companies in the United States losing 20.2 ” By company size, small businesses picked up 937,000 jobs. In April, those businesses lost 6 million jobs. million jobs.

Report 195

Report US United States National 195

American Banker

JANUARY 25, 2024

The private student loan market is in flux after one major lender, Discover Financial Services, said it's leaving the sector. Sallie Mae is gearing up to compete for that business, much as it did when Wells Fargo pulled up stakes in 2020.

Marketing 74

Marketing Lending Strategy 74

PYMNTS

DECEMBER 29, 2020

Avalara , a tax compliance software firm with a focus on the business sector, said on Tuesday (Dec. Avalara’s acquisition of INPOSIA Solutions is expected to enhance its offerings, with the German software company focused on “e-invoicing, digital tax reporting, and business and data integration,” the companies said.

Taxes 212

Taxes Compliance Software Seattle 212

PYMNTS

JULY 2, 2020

New Chinese lender Ping An OneConnect , along with HSBC , are both working to help ease small- to medium-sized businesses (SMBs) into new virtual, more efficient bank accounts, a report from Yahoo Finance says. Peter Shiu Ka-fai , a lawmaker for the wholesale and retail sector, said efforts like this could help SMEs save time and money.

Meeting 170

Meeting Retail US Operations 170

PYMNTS

MAY 9, 2019

In today’s digital economy, with shopping as easy as the tap of a finger on a smartphone screen, brick-and-mortar retail businesses have no choice but to innovate to keep and grow their clientele. At the same time, many consumer services firms recognize the value that specific technological applications can bring to their operations.

Innovation 197

Innovation Retail Survey Technology 197

PYMNTS

APRIL 24, 2020

The actual use of AI in the banking sector has been quite limited, while older legacy systems have remained prevalent, such as business rules management system (BRMS). As important, banks are increasingly focused on two main areas where they want to put AI to work: credit risk and payment services. percent today. percent today.

Payments 251

Payments Fraud Study System 251

Chris Skinner

MAY 10, 2017

Here’s the summary: Financial Technology, more commonly referred to as FinTech, looks set to reshape the financial sector in the coming years and present Hong Kong with both challenges and opportunities. A less proactive approach could cede business and employment to rival centres elsewhere. Does this matter?

Strategy 271

Strategy Fintech Regional Technology 271

PYMNTS

DECEMBER 28, 2020

The country’s flourishing food delivery sector is among the segments most impacted by the pandemic, according to a report from IBS intelligence. InCred provides small- to medium-sized business (SMB) loans made up of channel finance, term debt and capital debt in addition to education and personal loans.

Nevada 182

Nevada Report Lending Capital 182

PYMNTS

NOVEMBER 4, 2020

Private sector payroll was sluggish in October, according to an ADP report on Wednesday (Nov. businesses were forecast to add 600,000 jobs, according to a Dow Jones survey, per a report by CNBC. The private sector added 365,000, which is the lowest number since July.

Report 140

Report Analytics Resources Industry 140

PYMNTS

SEPTEMBER 2, 2020

Private-sector employment went up by 428,000 jobs last month, said the ADP National Employment Report. Job gains are minimal, and businesses across all sizes and sectors have yet to come close to their pre-COVID-19 employment levels.”. economy added or lost in both the private and public sectors. million increase.

National 145

National Analytics Survey Report 145

PYMNTS

OCTOBER 19, 2020

III, to approve a business combination with Paya and to change its name to Paya Holdings, according to a press release. Noting the sector is still in its early stages in the B2B sector, Hack said in the press release that Paya’s “differentiated platform” Paya Connect combines “Card, ACH and Check acceptance.”.

Payments 266

Payments Atlanta Software Fintech 266

PYMNTS

JULY 21, 2020

A panel established to grow the United Kingdom’s (UK) financial technology (FinTech) sector plans a review of the industry to identify opportunities for growth, the government announced Tuesday (July 21). Much is at stake when it comes to the country’s FinTech businesses. The sector has an estimated worth of 7 billion pounds ($8.9

Fintech 174

Fintech Ohio Financial Technology Innovation 174

PYMNTS

AUGUST 5, 2019

The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. Of the 350 comments received on the subject of a faster payments service representing input from over 800 organizations, Brainard said, “Ninety percent called for the Federal Reserve to operate a real-time payments service.”.

System 212

System Payments Kansas Online 212

PYMNTS

NOVEMBER 27, 2020

The 2021 New Merchant Business Models Playbook , a research-based report created in collaboration with American Express , explores the matter in detail, noting how tech innovation has essentially saved at least one sector — restaurants — from pandemic oblivion. According to the 2021 New Merchant Business Models Playbook , “41.9

Survey 277

Survey Innovation Online Retail 277

PYMNTS

SEPTEMBER 3, 2020

PayPal has launched its iZettle Food & Drink app, the point of sale (POS) platform for iOS to support food and drinks service in the U.K. England’s food and drink sector was one of the hardest hit by lockdowns. Sales fell by 87 percent from April through June. FinTech partners, he said, have become key allies to helping SMBs. “We

social media 298

social media Taxes Payments Online 298

PYMNTS

DECEMBER 16, 2020

Openpay focuses on "industries where it can make a real difference," the release stated, going on to list the healthcare, automotive, home improvement and education sectors. In addition, Openpay has a Software-as-a-Service (Saas) platform called Openpay for Business, which helps companies manage trade accounts end-to-end, the release stated.

US 305

US Management Software Industry 305

PYMNTS

AUGUST 9, 2020

Not everyone favors the Federal Reserve Board’s launch of its settlement service designed to eliminate the three-day check clearing and support instant payments in the U.S. For the most part, the comments said the introduction of the FedNow would lead to less innovation and unfair competition with the private sector. payment system.

System 181

System Payments Operations Fraud 181

PYMNTS

NOVEMBER 20, 2020

Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital. The startup has since expanded into eCommerce with a service targeted at retailers and other online merchants, Chipper Checkout.

Fintech 332

Fintech San Francisco Capital cryptocurrency 332

PYMNTS

NOVEMBER 19, 2020

global payments service firm SumUp has acquired point-of-sale (POS) software provider Goodtill for an undisclosed amount. As the COVID-19 pandemic continues to upend everyday life worldwide, SumUp and Goodtill are striving to future-proof the capabilities of the restaurant and hospitality sectors.

Fintech 160

Fintech Tools Google Cards 160

PYMNTS

MAY 7, 2020

The coronavirus pandemic has overturned normal commerce, and businesses are working to quickly find new ways to offer services during shutdown orders and to prepare for safe re-openings. Gyms have turned to offering virtual classes, while restaurants are doubling down on delivery services, for example.

Report 183

Report Exercises Software Payments 183

PYMNTS

JANUARY 8, 2021

businesses to create jobs, months into a global pandemic that, as is well-known, has disrupted Main Street SMBs’ operations. Of the business verticals most impacted in December, leisure and hospitality companies lost roughly half a million positions in the period, giving up 498,000 positions. Or the start of a troubling trend?

Trends 211

Trends Report Survey Maine 211

BankUnderground

NOVEMBER 16, 2023

Consistent with previous analysis of aggregate incomes , price indices and business surveys , we find no evidence of a rise in overall profits in the UK – prices have gone up alongside wages, salaries and other input costs. Most sectors have had very little change in profit shares in the UK.

Company 102

Company Trends Policies Taxes 102