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Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

PYMNTS

According to Wall Street Journal reports, credit cards remain a lucrative form of lending, but they aren’t seeing much benefit from the Fed raising rates of late — as what small increases there have been are offset by competition from other lenders trying to steal customers with lower interest rates. Balances of the industry surpassed $1.03

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Bessemer Venture Partners’ Birnbaum On Why It’s Go-Time For FinTech

PYMNTS

“But just the need for financial services companies to wake up and finally digitize it all the way they’ve been talking about doing for a long time, I think that is the real enduring tailwind for the FinTech market,” Birnbaum said. Birnbaum said Square “is layering in stock trading, crypto trading and now they’re moving into lending.

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Food for Thought: A Policy on Credit Exceptions

Abrigo

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. and property tax payments. It just stays on forever.

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Small Biz FinTech Leads Week’s B2B Funding Roundup

PYMNTS

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. The Series C investment will help the California company focus on growth and product innovation to fuel development of its enterprise data warehousing solution. Lendingkart.

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KYB, Shell Companies And Pot Payments Gone Rogue

PYMNTS

Navigating corporate ownership can be complex, particularly for companies that have operations outside of their domestic markets and set up separate entities for many legitimate reasons. One of the toughest parts of Know Your Business (KYB) compliance is understanding that the bad guys mimic what the good guys already do.

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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise. million was embezzled by a former commercial real estate employee from Milan Capital Management, an Orange County, California company, leading to the imprisonment of the former employee, according to local OC-Breeze reports.

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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

Co-founder and CEO Anish Achuthan told reporters that the funds will also be used to bolster Open’s existing platform, develop new products like lending and wealth management, and implement artificial intelligence and analytics into its offering. targets the cannabis industry with its market intelligence and consumer research offering.

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