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SMEs Severely Dissatisfied With eLending Experience – Fed

PYMNTS

But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling. Among the most common complaints for online lenders included “high interest rates, unfavorable repayment terms and lack of transparency,” the report wrote.

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Why Two-Thirds Of SMBs Find Themselves Dissatisfied With Online Lenders

PYMNTS

In the wake of the Great Recession , small businesses found it difficult to secure loans via banks – and even when they were available, the common complaint was that the application process was slow, time-consuming, paper-intensive and ill-suited to the needs of small businesses. That, according to the Cleveland Fed, is the good news.

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Fed: Two-Thirds Of SMBs Say They Are Dissatisfied With Online Lenders

PYMNTS

In the wake of the Great Recession , small businesses found it difficult to secure loans via banks – and even when they were available, the common complaint was that the application process was slow, time-consuming, paper-intensive and ill-suited to the needs of small businesses. That, according to the Cleveland Fed, is the good news.

Online 132
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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Clients can view the full list of 150+ cashier-free retail operators here. Some historians date its existence to over 2,000 years ago: texts from ancient Greece describe a coin-operated machine for dispensing holy water in temples. However, RFID tags could provide extra security for unmanned retailers of higher-priced goods.

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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

When the Watson-powered IBM Safer Payments system went online in France, it was fed 4.7 The DOL Fiduciary Rule was set to take effect in April and would expand the “investment advice fiduciary” definition of the Employee Retirement Income Security Act of 1974. The system can learn. It can detect and halt fraud in milliseconds.