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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Of those surveyed, said the GAO, nine of the 11 said that regulatory uncertainty has been a hurdle in credit expansion. Separately, the Securities and Exchange Board of India (SEBI) is in the midst of plans for a “sandbox” that will help boost FinTech efforts for capital markets, as reported by The Hindu. Sandboxes, Gathering Steam.

Lending 150
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Top News In Payments: China Posts Worst Slowdown In Nearly Three Decades; Alphabet Market Cap Hits $1T

PYMNTS

bank deposit accounts, according to a survey released by the American Bankers Association. Global Blue Acquisition Capitalizes On Consumer X-Border Spend. Far Point Acquisition — which focuses on financial technology deals —said it would buy Global Blue, a payments company based in Switzerland, for $2.6 billion.

Marketing 130
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Corporate Treasurers On The Lookout For FinTech, PSD2 And Brexit

PYMNTS

The use of financial technology startup tools in supply chain finance and other areas is also of interest,” he told the audience, “particularly with the second EU Payment Services Directive [PSD2] starting this year.” Nearly a third (31.1 Yet Brexit remains one of the largest hurdles over which treasurers are struggling to jump.

Fintech 122
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How Corporates Receive — And Revive — Investment Strategies

PYMNTS

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. However, total investment in these startups — venture capital, in addition to angel, hedge fund and mutual fund investment and more — topped $17.8 and Europe dominated in 2015.

Strategy 100
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Small Firms Demand Higher Speed, Lower Costs In Global Payments

PYMNTS

Small businesses (SMBs) are rarely early adopters of new financial technology (FinTech). “As a business owner, you want to minimize the amount of working capital you have tied up in the business to focus on productive assets.”

Payments 151
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Alipay Rides The Payments Licensing Trend In Europe

PYMNTS

News of the new Alipay license to operate in Europe comes as a new survey provides evidence of how desirable mobile payments are to Chinese tourists. The proliferation of mobile payments has helped to increase sales for local merchants, the survey noted. The company said its capital value has jumped from 280 million pounds in 2017.

Trends 185