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How important is a social media community in banking?

Abrigo

That’s slightly more active users than there are people in Indonesia, the world’s fourth most populous country (behind China, India and the United States). Online platforms like Facebook and Twitter allow people to connect with one another as well as with brands. Another staggering figure.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In It’s very difficult for a bank to justify [accounts receivable] AR financing that effectively puts capital at risk,” he said.

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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Canada’s largest community credit union has announced that it is expanding its commercial network.

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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

Boxed has become one of the most sought-after tech startups because its distribution centers, which can provide 24-hour delivery to consumers’ homes in many parts of the United States. The investment was led by GGV Capital and Digital Sky Technologies, with participation from Founders Fund, AME Cloud Ventures and Vaizra Investments.

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The true cost of fraud

Abrigo

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

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From T-Shirts To PPE — What Hanes Learned From Its Supply Chain Pivot

PYMNTS

Hospitals have also changed their procurement approaches and adopted new methods, such as using online marketplaces, as they explore their options for securing PPE. This means 3D printing communities can jump into production to help fill gaps while larger manufacturers continue their transitions. Read the Deep Dive in the report.

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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.

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